FOX VALLEY PARK DISTRICT BOARD OF TRUSTEES Serving the

Transcription

FOX VALLEY PARK DISTRICT
BOARD OF TRUSTEES
Serving the Fox Valley Park District
Kane, DuPage, Kendall and Will Counties, Illinois
OPEN SESSION MEETING AGENDA
November 9, 2015
Prisco Community Center
150 W. Illinois Avenue, Aurora
6:00 p.m.
1.0
CALL MEETING TO ORDER
President Vaughan
2.0
PLEDGE OF ALLEGIANCE AND MOMENT OF SILENCE
President Vaughan
3.0
ROLL CALL
President Vaughan
4.0
ADDENDA TO THE AGENDA
President Vaughan
5.0
CONSENT AGENDA
President Vaughan
6.0
5.1
Approve the following meeting minutes:
•
Open session special meeting of 09/02/15
•
Open session meeting of 10/19/15
5.2
Approve payables 10/31/15 in the amount of $9,218,603.89.
5.3
Approve statement of estimated revenues and expenses for period ending 09/30/15.
5.4
Approve Department Heads and other reports.
5.5
Capital projects permitting fees and charges, cost summaries and project bid schedule report.
5.6
Resolution to approve appointment and employment agreement of Jim Pilmer as Executive
Director of the Fox Valley Park District.
5.7
Accept 6-month update of the 2015-18 Strategic Plan.
5.8
Approve the bids to purchase strength fitness equipment for the Eola Community Center
from Life Fitness in the amount of $22,394 and Direct Fitness Solutions in the amount
of $46,990. The combined total purchase amount is $69,384.
PRESENTATIONS AND SPECIAL RECOGNITION
6.1
7.0
President Vaughan
Veteran’s Day Proclamation
PUBLIC COMMENT - For matters not on the agenda.
(Limited to one 3-minute comment per person; maximum 15 minutes).
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President Vaughan
8.0
ATTORNEY BUSINESS
Attorney Hodge
9.0
EXECUTIVE DIRECTOR BUSINESS
Director Pilmer
9.1
Trustee Rachel Ossyra voted Rotarian of the Year by the Rotary Club of
Naperville for her medical mission work in Nigeria.
10.0
CONTINUED BUSINESS
11.0
NEW BUSINESS
11.1
Ordinance #463 providing for the issue of approximately $3,420,000
General Obligation Limited Tax Park Bonds, Series 2015A, for the
payment of land for parks, for the building, maintaining, improving
and protecting of the same and the existing land and facilities of the
Park District and for the payment of the expenses incident thereto,
providing for the levy of a direct annual tax to pay the principal and
interest on said bonds, and authorizing the sale of said bonds to the
purchaser thereof.
David Phillips
11.2
Ordinance #464 providing for the issue of approximately $26,140,000
General Obligation Refunding Park Bonds, Series 2015B, for the
purpose of refunding certain outstanding bonds of the Park District,
providing for the levy of a direct annual tax sufficient to pay the
principal and interest on said bonds, and authorizing the sale of said
bonds to the purchaser thereof.
David Phillips
11.3
Ordinance #465 authorizing and directing the execution of an Escrow
Agreement in connection with the issue of approximately $26,140,000
General Obligation Refunding Park Bonds, Series 2015B.
David Phillips
11.4
Approve the Eola Community Center interior stair railing replacement
bid from ATP Enterprise Group, Inc., Northfield, Illinois, in the amount
of $24,000.00.
Mike Erickson
12.0
CORRESPONDENCE AND ANNOUNCEMENTS
President Vaughan
13.0
CLOSED SESSION
President Vaughan
13.1
Approval to convene into Closed Session of the Fox Valley Park District Board of Trustees to consider
one or more of the following subjects under the Open Meetings Act, Section 2 (c): (1) The appointment,
employment, compensation, discipline, performance, or dismissal of specific employees of the public
body or legal counsel for the public body, including hearing testimony on a complaint lodged against an
employee of the public body or against legal counsel for the public body to determine its validity; (5) The
purchase or lease of real property for the use of the public body, including meetings held for the purpose
of discussing whether a particular parcel should be acquired; (6) The setting of a price for sale or lease of
property owned by the public body; (11) Pending, or probable and imminent, litigation when an action
against, affecting or on behalf of the district has been filed and is pending before a court or administrative
tribunal, or when the public body finds that an action is probable or imminent, in which case the basis for
the finding shall be recorded and entered into the minutes of the closed meeting; (21) The discussion of
minutes of meetings lawfully closed under this Act, whether for purposes of approval by the body of the
minutes or semi-annual review of the minutes as mandated by Section 2.06. (GENERAL PROVISIONS
(5 ILCS 120/) Open Meetings Act).
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14.0
RETURN TO OPEN SESSION
14.1
15.0
President Vaughan
Approve Closed Session Minutes from:
•
September 2, 2015
•
September 21, 2015
•
October 5, 2015
•
October 6, 2015
ADJOURNMENT
President Vaughan
The Fox Valley Park District is subject to the requirements of the Americans with Disabilities Act of 1990. Individuals with
disabilities who plan to attend this meeting and who require certain accommodations in order to allow them to observe and/or
participate in this meeting, or who have questions regarding the accessibility of the meeting or the facilities, are required to contact
ADA Coordinator, Mr. Mike Erickson (630-897-0516) promptly to allow the District to make reasonable accommodations.
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5.1
BOARD OF TRUSTEES
OPEN SESSION MEETING MINUTES
September 2, 2015
Cole Center Administrative Office
101 W. Illinois Ave., Aurora
5:30 p.m.
1.0
President Vaughan called the meeting to order at 5:30 p.m.
2.0
3.0
ROLL CALL
The following members of the Board of Trustees were present: Alex Alexandrou, Chuck Anderson, Theodia Gillespie,
Rachel Ossyra, Cynthia Penne, Bob Vaughan and Denny Wiggins. A quorum was present.
4.0
CLOSED SESSION
Moved, seconded and approved unanimously by the board to conclude the open session at 5:31 pm and move into
closed session for the reasons stated on the agenda. Roll call – voting Aye: Alex Alexandrou, Chuck Anderson,
Theodia Gillespie, Rachel Ossyra, Cynthia Penne, Bob Vaughan and Denny Wiggins; voting Nay: none. Motion
carried.
5.0
Moved, seconded and approved unanimously by the board to return to open session. Roll call – voting Aye: Alex
Alexandrou, Chuck Anderson, Theodia Gillespie, Rachel Ossyra, Cynthia Penne, Bob Vaughan and Denny
Wiggins; voting Nay: none. Motion carried.
6.0
ADJOURNMENT
Moved, seconded and approved unanimously by voice vote of the board to adjourn open session at 7:00 p.m.
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BOARD OF TRUSTEES
OPEN SESSION MEETING MINUTES
October 19, 2015
150 W. Illinois Avenue, Aurora
6:00 p.m.
1.0
President Vaughan called the meeting to order at 6:00 pm.
2.0
3.0
ROLL CALL
The following members of the Board of Trustees were present: Alex Alexandrou, Chuck Anderson, Theodia Gillespie,
Cynthia Penne, Bob Vaughan and Denny Wiggins; excused: Rachel Ossyra. A quorum was present. Also present:
Attorney Gerald Hodge, administrative staff and guests.
4.0
ADDENDA TO THE AGENDA – None presented.
5.0
CONSENT AGENDA
Alex Alexandrou motioned, Theodia Gillespie seconded and the board unanimously approved the consent agenda
items. Roll call – voting Aye: Alex Alexandrou, Chuck Anderson, Theodia Gillespie, Cynthia Penne, Bob
Vaughan and Denny Wiggins; voting Nay: none. Motion carried.
5.1
Approve the following meeting minutes:
•
Public Hearing meeting of 09/21/15
•
Open Session meeting of 09/21/15
5.2
Approve payables 09/30/15 in the amount of $1,452,204.35.
5.3
Approve statement of estimated revenues and expenses for period ending 08/31/15.
5.4
Approve Department Heads and other reports.
5.5
Capital projects permitting fees and charges, cost summaries and project bid schedule report.
6.0
PRESENTATIONS AND SPECIAL RECOGNITION – None presented.
7.0
PUBLIC COMMENT – None presented.
8.0
ATTORNEY BUSINESS
8.1
Approval of Settlement Agreement relating to parking easement at Copley I Park.
Attorney Hodge addressed the Board about the settlement of a piece of litigation regarding a parking
easement affecting Copley I Park. The park district received property with an easement that was
never used as an easement; ATMI stores its precast items there. ATMI agreed to put in parking,
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but are now settling with a neighbor because the neighbor decided to pursue rights relative to the
old easement. Part of the settlement includes the park district being formally granted parking
easement rights in exchange for releasing the easement that is never used. This settlement
agreement clears up the easement rights.
9.0
EXECUTIVE DIRECTOR BUSINESS – None presented.
10.0
CONTINUED BUSINESS – None presented.
11.0
NEW BUSINESS
11.1
Approve the Blackberry Farm modular retaining wall bid from Fuerte Systems, Oswego, Illinois, in
the amount of $39,950.00.
Mike Erickson told the board this is the second phase of retaining wall improvements at Blackberry Farm.
The current retaining wall is made from limestone. The budget allowed for $75,000 and the lowest bid
was far below that amount. Bob Vaughan asked if the material would be the same as was used around the
lake; Mike Erickson said yes. Denny Wiggins motioned, Chuck Anderson seconded and the board
unanimously approved the Blackberry Farm modular retaining wall bid from Fuerte Systems, Oswego,
Illinois, in the amount of $39,950.00. Roll call – voting Aye: Alex Alexandrou, Chuck Anderson, Theodia
Gillespie, Cynthia Penne, Bob Vaughan and Denny Wiggins; voting Nay: none. Motion carried.
11.2
Approve the unit price bid from The Mulch Center, Deerfield, Illinois, for playground fiber in the
amount of $14.35/cubic yard.
Mike Erickson reported the yearly budget for playground fiber is $30,000; playground fiber is added to as
many parks as the amount purchased allows. Two companies submitted bids and the low bid was $.10 per
cubic yard cheaper than last year’s cost. Funding in the past was provided through the ADA fund. Safety
surfacing is now required in the fall zone at playgrounds regardless of whether or not it is ADA compliant.
Therefore, the playground fiber will now be funded through the Corporate Fund. Alex Alexandrou asked
if there were any bids other than the two; would an option be to request bids from some of the national
suppliers who were at the NRPA conference. Mike Erickson replied no. Alex Alexandrou motioned,
Denny Wiggins seconded and the board unanimously approved the unit price bid from The Mulch Center,
Deerfield, Illinois, for playground fiber in the amount of $14.35/cubic yard. Roll call – voting Aye: Alex
Alexandrou, Chuck Anderson, Theodia Gillespie, Cynthia Penne, Bob Vaughan and Denny Wiggins;
voting Nay: none. Motion carried.
11.3
Approve the grant of easements to Aurora West School District Number 129 for the construction
and operation of geothermal heat pump systems at the Hall, Jefferson, Schneider and Washington
Park/School sites.
Jeff Palmquist told the board in 2012 School District #129 was granted an easement by the Fox Valley
Park District to construct geothermal heat pump systems at Smith School/Park. The school district had
great success with that. With that success, School District #129 is requesting easements to construct more
geothermal heat pump systems. Cynthia Penne motioned, Theodia Gillespie seconded and the board
unanimously approved the grant of easements to Aurora West School District Number 129 for the
construction and operation of geothermal heat pump systems at the Hall, Jefferson, Schneider and
Washington Park/School sites. Roll call – voting Aye: Alex Alexandrou, Chuck Anderson, Theodia
Gillespie, Cynthia Penne, Bob Vaughan and Denny Wiggins; voting Nay: none. Motion carried.
11.4
Approve the License Agreement between the Fox Valley Park District and City of Aurora for the
expansion of the Animal Control and Care Facility parking lot.
Jeff Palmquist reported to the board that during peak times and special events, the parking lot at the
Aurora animal control facility does not have enough parking to accommodate demand. The City of Aurora
is asking the district for an expansion across a small portion of adjacent Park District property. This
expansion would allow for 20 parking spaces. Jeff explained that this intergovernmental cooperation
allows animal control to expand parking while allowing park patrons to also use the parking lot. Denny
Wiggins motioned, Chuck Anderson seconded and the board unanimously approved the License
2
Agreement between the Fox Valley Park District and City of Aurora for the expansion of the Animal
Control and Care Facility parking lot. Roll call – voting Aye: Chuck Anderson, Theodia Gillespie,
Cynthia Penne, Bob Vaughan and Denny Wiggins; recused from voting: Alex Alexandrou; voting Nay:
none. Motion carried.
11.5
Appointment of Executive Director and approval of employment agreement
President Vaughan thanked the board and staff for all of their help and cooperation in the search for the
next Executive Director. He said the district saved approximately $30,000 by performing the search inhouse. Approximately 60 candidates submitted resumes and the board narrowed the pool down to the top
four. Four key staff – Ivan Chambers, Diana Erickson, Joe Hernandez and Jeff Palmquist – took each
candidate on a tour of the district. After the interviews and tours were finished, the board listened to input
from the key staff. The final decision was made based on interviews with the board and input from staff.
Ultimately, the board agreed unanimously to hire Jim Pilmer. Bob Vaughan said he is very happy to have
Jim Pilmer as our next Executive Director. Jim’s starting date will be November 9 and his employment
agreement is a 3-year contract for $150,000/year. Denny Wiggins commented that this was the best
process he’s ever seen and would like to congratulate staff and the rest of the board for a job well-done.
Denny Wiggins motioned, Chuck Anderson seconded and the board unanimously appointed Jim Pilmer as
Executive Director and approved the employment agreement. Roll call – voting Aye: Alex Alexandrou,
Chuck Anderson, Theodia Gillespie, Cynthia Penne, Bob Vaughan and Denny Wiggins; voting Nay: none.
Motion carried.
Jim Pilmer thanked Bob Vaughan, the Board of Trustees and staff. He said he had great dialogue with
everyone throughout the process and looks forward to joining the Fox Valley Park District.
Alex Alexandrou recognized Jeff Palmquist as Interim Executive Director and extended his thanks to Jeff
and to staff for doing such a good job. He said the 10-year anniversary celebration at the Vaughan Athletic
Center went well and everyone had a great time.
12.0
CORRESPONDENCE AND ANNOUNCEMENTS
1. Fox Valley Park District in the News
Various recent news article(s) concerning the District.
13.0
CLOSED SESSION
No closed session was held, so the Board proceeded to section 15.0.
14.0
15.0
ADJOURNMENT
Alex Alexandrou motioned, Denny Wiggins seconded, and the board unanimously approved by voice vote to
adjourn at 6:23 p.m.
Respectfully Submitted By,
Arlene Kallien
Assistant Board Secretary/Recorder
Cynthia Penne, Secretary
Board of Trustees
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5.2
OCTOBER 2015
LIST OF BILLS
PRESENTED FOR APPROVAL
ON
November 9, 2015
Fund Numbers:
10 Corporate
11 Liability Insurance
15 Orchard Valley Golf Course
18 2008 Referendum
19 Golf Course Sales Proceeds - Cap
20 Recreation
21 Museum
22 Police and Security
25 Fox Valley Special Recreation
26 Illinois Municipal Retirement
27 Social Security
28 Audit
29 Facility Improvement/Replacement Fund
30 Capital Development Fund
31 Land Cash Fund
33 2005C-D GO Bonds/Capital
34 Equip & Vehicle Replacement
35 Land Acquisition Fund
36 2006 GO Bonds
37 2007 GO Bonds/Capital
40 Debt Service
60 Employee Benefit Trust Fund
70 Foundation
Fox Valley Park District
List of Bills
Month Ending October 31, 2015
ABBEY PAVING CO.,INC
G/L: 18000000
57000
Invoice #
BOXING CLUB-2
PARKING LOT RENOVATION - BOXING CLUB
Total invoices ABBEY PAVING CO.,INC
12,789.65
12,789.65
ABRASIVE AND FASTENING SOLUTIONS, INC
G/L: 10859200
54190
Invoice #
13293
BUILDING MATERIAL
Total invoices ABRASIVE AND FASTENING SOLUTIONS, INC
106.64
106.64
ACCURATE INDUSTRIES, INC
G/L: 20859203
53355
Invoice #
270439
STEAM BOILER MAINTENANCE - VAC
Total invoices ACCURATE INDUSTRIES, INC
439.60
439.60
ACCURATE OFFICE SUPPLIES
G/L: 10150031
54010
Invoice #
340177
LJ CARTRIDGE
G/L: 20150031
54010
Invoice #
340177
LJ CARTRIDGE
G/L: 20600002
54010
Invoice #
340306
OFFICE SUPPLIES
161.75
G/L: 10150031
54010
Invoice #
340501
OFFICE SUPPLIES
15.00
G/L: 20150031
54010
Invoice #
340501
OFFICE SUPPLIES
14.99
G/L: 10150031
54010
Invoice #
341021
OFFICE SUPPLIES - COLE
75.77
G/L: 10200000
54010
Invoice #
341021
75.20
G/L: 20150031
54010
Invoice #
341021
75.76
G/L: 20200000
54010
Invoice #
341021
G/L: 10150031
54010
Invoice #
341560
OFFICE/HR SUPPLIES - COLE
G/L: 10200000
51660
Invoice #
341560
19.69
G/L: 20150031
54010
Invoice #
341560
100.21
G/L: 20200000
51660
Invoice #
341560
G/L: 2016902
54680
Invoice #
341888
COPIER PAPER/OFFICE SUPPLIES
500.00
G/L: 20600002
54010
Invoice #
341888
COPIER PAPER/OFFICE SUPPLIES
55.91
G/L: 20600002
54010
Invoice #
342048
OFFICE SUPPLIES
90.70
G/L: 10150031
54010
Invoice #
342760
69.69
G/L: 20150031
54010
Invoice #
342760
69.68
G/L: 10150031
54010
Invoice #
342785
KITCHEN SUPPLIES
19.20
Total invoices ACCURATE OFFICE SUPPLIES
Fox Valley Park District - List of Bills - As of October 31, 2015
41.34
41.34
75.20
100.21
19.68
1,621.32
Page 1 of 43
ACE HARDWARE
G/L: 10859200
54270
Invoice #
04629/1
OUTLET COVERS - BLACKBERRY TRAILS
30.58
G/L: 21859206
54350
Invoice #
360552/3
TOOLS
74.10
G/L: 10859200
54290
Invoice #
360642/3
PAINT - FEARN PLAYGROUND
15.26
G/L: 10859200
54290
Invoice #
360655/3
PAINT - WESTWOOD PLAYGROUND
21.55
G/L: 10859200
54290
Invoice #
360739/3
PAINT, SUPPLIES
50.26
G/L: 20859203
54570
Invoice #
360838/3
AQUATIC MAINT SUPPLIES - VAC
24.74
G/L: 20600001
54090
Invoice #
K04694/1
CUSTODIAL SUPPLIES - PRISCO
87.94
G/L: 20600001
54190
Invoice #
K04695/1
LADDER - PRISCO
G/L: 20859654
54180
Invoice #
K04820/1
FLAGS - ATHLETIC FIELDS
17.98
G/L: 10859200
54290
Invoice #
K04829/1
PAINT, SUPPLIES - SHERWOOD GLEN PARK
37.98
Total invoices ACE HARDWARE
179.99
540.38
AIRGAS USA LLC
G/L: 10859300
54360
Invoice #
9044774074
OCT CYLINDER RENTAL
255.73
G/L: 10859300
54360
Invoice #
9930638025
SEP CYLINDER RENTAL
268.24
Total invoices AIRGAS USA LLC
523.97
ALARM DETECTION/AMEX
G/L: 21859206
53800
Invoice #
SI-418868
RUNNER SERVICE - BFARM
104.84
G/L: 21604306
54110
Invoice #
SI-419455
NEW KEYPAD LOCK - BFARM ADMISSIONS
826.30
G/L: 20859203
53800
Invoice #
SI-419555
TEST PIT, HOIST - VAC ELEVATOR
G/L: 21859206
53800
Invoice #
SI-419593-1
BURGLAR ALARM - EARLY STREETS
G/L: 21859206
53800
Invoice #
SI-419593-2
PRORATED CHARGE - EARLY STREET
G/L: 21859205
53350
Invoice #
SI-419728-1
INSTALL (4) SECURITY CAMERAS - RED OAK
G/L: 21859205
53800
Invoice #
SI-419728-2
PRORATED QRTLY CHARGE - RED OAK
Total invoices ALARM DETECTION/AMEX
477.40
4,951.00
244.02
1,195.00
126.37
7,924.93
ALL STAR SPORTS INSTRUCTION INC
G/L: 2048003
53950
Invoice #
153099
SPORTS CLASSES SPRING 2015 - VAC
4,894.56
G/L: 2048003
53950
Invoice #
154138
SPORTS CLASSES SUMMER I 2015 - VAC
7,643.93
Total invoices ALL STAR SPORTS INSTRUCTION INC
12,538.49
AMALGAMATED BANK OF CHICAGO
G/L: 408833
58000
Invoice #
2005D-2015-2
2005D GO BONDS DEBT SERVICE
550,000.00
G/L: 408833
58010
Invoice #
2005D-2015-2
2005D GO BONDS DEBT SERVICE
11,000.00
G/L: 408836
58010
Invoice #
2008A-2015-2
2008A GO BONDS DEBT SERVICE
73,693.75
G/L: 408838
58000
Invoice #
2008A-2015-2
1,470,000.00
G/L: 408838
58010
Invoice #
2009A-2015-2
522,956.25
G/L: 408839
58000
Invoice #
2010-2015-2
2010 GO BONDS DEBT SERVICE
875,000.00
G/L: 408839
58010
Invoice #
2010-2015-2
2010 GO BONDS DEBT SERVICE
83,462.50
G/L: 408840
58010
Invoice #
2010A-2015-2
233,962.50
G/L: 408826
58000
Invoice #
2010B-2015-2
2010B GO BONDS DEBT SERVICE
4,530,000.00
G/L: 408826
58010
Invoice #
2010B-2015-2
2010B GO BONDS DEBT SERVICE
91,175.00
Total invoices AMALGAMATED BANK OF CHICAGO
8,441,250.00
Page 2 of 43
AMANDA L PRESTON
G/L: 21604305
51600
Invoice #
EXP-10/8/15
MILEAGE
Total invoices AMANDA L PRESTON
5.18
5.18
Page 3 of 43
AMERICAN EXPRESS
G/L: 10250000
51600
Invoice #
1003-0915-01
I-PASS REPLENISHMENT
G/L: 10859131
51600
Invoice #
1003-0915-01
2.60
G/L: 2011701
54680
Invoice #
1003-0915-01
13.55
G/L: 20600001
51600
Invoice #
1003-0915-01
11.35
G/L: 20600002
51600
Invoice #
1003-0915-01
G/L: 2011701
54680
Invoice #
1003-0915-02
CREDIT MEMO
G/L: 20350000
53040
Invoice #
1003-0915-03
8/28 CONSTANT CONTACT - MARKETING
G/L: 21859205
55990
Invoice #
1003-0915-04
CONES - RED OAK PARKING LOT
40.80
G/L: 21604305
54680
Invoice #
1003-0915-05
RED OAK SUPPLIES
17.99
G/L: 21859205
54610
Invoice #
1003-0915-05
RED OAK SUPPLIES
39.00
G/L: 10100100
56510
Invoice #
1003-0915-06
MANAGEMENT EXPENSE
30.20
G/L: 10100100
51610
Invoice #
1003-0915-07
NRPA CONF PARKING - N.MCCAUL
75.00
G/L: 10100100
51610
Invoice #
1003-0915-08
NRPA CONF CAB FARE - N.MCCAUL
G/L: 10100100
51610
Invoice #
1003-0915-09
NRPA CONF HOTEL - N.MCCAUL
547.68
G/L: 22808123
56510
Invoice #
1003-0915-10
MANAGEMENT EXPENSE
177.17
G/L: 20603103
56520
Invoice #
1003-0915-100
PROMO ITEMS - VAC 10TH ANNIVERSARY
387.50
G/L: 20603103
56520
Invoice #
1003-0915-101
377.50
G/L: 20603103
56520
Invoice #
1003-0915-102
916.00
G/L: 2045203
54680
Invoice #
1003-0915-103
PROGRAM SUPPLIES - VAC
G/L: 22808123
53990
Invoice #
1003-0915-11
G/L: 10859200
55990
Invoice #
1003-0915-12
ANNUAL RENEWAL - POLICE SCHEDULING
SOFTWARE
ANNUAL DOG TAGS WITH "O" RINGS
G/L: 22808123
51610
Invoice #
1003-0915-13
NRPA CONF TRANSPORTATION - M.JOHNSON
14.50
G/L: 22808123
51610
Invoice #
1003-0915-14
NRPA CONF PARKING - M.JOHNSON
75.00
G/L: 22808123
51610
Invoice #
1003-0915-15
NRPA CONF HOTEL - M.JOHNSON
547.68
G/L: 10250000
51610
Invoice #
1003-0915-16
NRPA CONF HOTEL - J.PALMQUIST
371.84
G/L: 10200000
51670
Invoice #
1003-0915-17
TRIB JOB POSTING - FT & PT CUSTODIAN
200.00
G/L: 20200000
51670
Invoice #
1003-0915-17
TRIB JOB POSTING - FT & PT CUSTODIAN
200.00
G/L: 10300000
54040
Invoice #
1003-0915-18
FUSES
G/L: 20300000
57090
Invoice #
1003-0915-19
REPLACEMENT TV - EOLA
G/L: 10200000
51670
Invoice #
1003-0915-20
JOB POSTING - FT GYMNASTIC SUPERVISOR
19.81
G/L: 20200000
51670
Invoice #
1003-0915-20
JOB POSTING - FT GYMNASTIC SUPERVISOR
19.82
G/L: 20300000
57090
Invoice #
1003-0915-21
MAGSTRIPE READERS
G/L: 10150000
51610
Invoice #
1003-0915-22
NRPA CONF CAB FARE - D.ERICKSON
G/L: 20300000
54040
Invoice #
1003-0915-23
REPLACEMENT LAPTOP AC ADAPTER
G/L: 10150000
51610
Invoice #
1003-0915-24
NPPA CONF HOTEL - D.ERICKSKON
371.84
G/L: 20300000
57090
Invoice #
1003-0915-26
REPLACEMENT TV - EOLA DIGITAL SIGN
434.99
G/L: 10150000
56510
Invoice #
1003-0915-27
MANAGEMENT EXPENSE
G/L: 10300000
57090
Invoice #
1003-0915-28
REPLACE NET ADMIN LAPTOP,UPGRADE
G/L: 10300000
54040
Invoice #
1003-0915-29
5 BUTTON BLUETOOTH MOUSE
G/L: 10300000
57090
Invoice #
1003-0915-30
LAPTOP - SUPT FINANCE
G/L: 10300000
54040
Invoice #
1003-0915-31
IT SUPPLIES
34.39
G/L: 10300000
54040
Invoice #
1003-0915-32
IT SUPPLIES
53.24
G/L: 10200000
51670
Invoice #
1003-0915-33
CRAIGSLIST JOB POSTING
12.50
G/L: 20200000
51670
Invoice #
1003-0915-33
CRAIGSLIST JOB POSTING
12.50
G/L: 10300000
54040
Invoice #
1003-0915-34
AC ADAPTER - SAMSUNG LAPTOP
77.76
G/L: 10300000
54040
Invoice #
1003-0915-35
IT SUPPLIES
39.98
G/L: 10859200
54350
Invoice #
1003-0915-36
PUMP SPRAYER PARTS
60.95
G/L: 10859231
54190
Invoice #
1003-0915-37
CEILING TILES - COLE
G/L: 20600003
54190
Invoice #
1003-0915-38
INSULATION TAPE
G/L: 10850000
51610
Invoice #
1003-0915-39
NRPA CONF HOTEL - M.JOHNSON
G/L: 2016902
54680
Invoice #
1003-0915-40
PRESCHOOL SUPPLIES - EOLA
9.98
G/L: 20600002
54090
Invoice #
1003-0915-42
CUSTODIAL SUPPLIES - EOLA
14.39
2.70
9.80
-125.02
295.00
31.61
53.00
600.00
246.75
5.79
420.91
406.62
55.33
26.89
53.63
1,557.95
39.70
1,667.08
220.59
82.45
547.68
Page 4 of 43
G/L: 20600001
54060
Invoice #
1003-0915-43
ETC ELEMENT CONSOLE 60 - PRISCO
G/L: 2011701
54680
Invoice #
1003-0915-44
10/6 SAVANNA HOUSE LUNCH TRIP
450.00
G/L: 2011701
54680
Invoice #
1003-0915-45
9/23 CHESSIES LUNCH TRIP
348.34
G/L: 2010501
54681
Invoice #
1003-0915-46
DISCOUNT DANCE COSTUMES
25.50
G/L: 21604306
54620
Invoice #
1003-0915-47
TRAIN EXHIBIT SUPPLIES
13.96
G/L: 21604306
54620
Invoice #
1003-0915-48
EXHIBIT SUPPLIES
G/L: 2137406
53950
Invoice #
1003-0915-49
FAMILY FUN NIGHT MOVIE
276.00
G/L: 2137406
54680
Invoice #
1003-0915-50
WOOD - BFARM SPECIAL EVENT
120.79
G/L: 2137406
54680
Invoice #
1003-0915-51
SUPPLIES - TOUCH A TRUCK
G/L: 2137406
54680
Invoice #
1003-0915-52
G/L: 21859206
54610
Invoice #
1003-0915-53
CAT LITTER AND FOOD
G/L: 2137406
54680
Invoice #
1003-0915-54
14.26
G/L: 2137406
54680
Invoice #
1003-0915-55
13.20
G/L: 2154706
54680
Invoice #
1003-0915-56
BIRTHDAY PARTY SUPPLIES
15.96
G/L: 2137306
54680
Invoice #
1003-0915-57
SUPPLIES - FIELD TRIPS
G/L: 2137406
53950
Invoice #
1003-0915-58
SPECIAL EVENT BUG CONTROL
G/L: 21859206
53430
Invoice #
1003-0915-59
PANDORA SUBSCRIPTION
G/L: 21604306
54620
Invoice #
1003-0915-60
POTTERY SUPPLIES
G/L: 2127106
54680
Invoice #
1003-0915-61
CREDIT MEMO
G/L: 2137406
54680
Invoice #
1003-0915-62
PROGRAM SUPPLIES - BFARM
G/L: 21604306
56520
Invoice #
1003-0915-63
TABLE COVER - BFARM
G/L: 2154706
54680
Invoice #
1003-0915-64
24.99
G/L: 21604306
54010
Invoice #
1003-0915-65
OFFICE SUPPLIES - BFARM
30.65
G/L: 2154706
54680
Invoice #
1003-0915-66
G/L: 21604306
54380
Invoice #
1003-0915-67
10X10 TENT W/LOGO - BFARM
G/L: 2137406
54680
Invoice #
1003-0915-68
PROGRAM SUPPLIES - BFARM
G/L: 2158006
54680
Invoice #
1003-0915-69
PROGRAM/OFFICE SUPPLIES - BFARM
G/L: 21604306
54010
Invoice #
1003-0915-69
PROGRAM/OFFICE SUPPLIES - BFARM
G/L: 21604306
54380
Invoice #
1003-0915-70
STORAGE BINS - BFARM
G/L: 21604306
54010
Invoice #
1003-0915-71
OFFICE SUPPLIES - BFARM
19.09
G/L: 21604306
54380
Invoice #
1003-0915-72
FRONT SIGN RACK - BFARM
17.25
G/L: 2154706
54680
Invoice #
1003-0915-73
BIRTHDAY PARTY SUPPLIES - BFARM
83.99
G/L: 21604306
54620
Invoice #
1003-0915-74
EXHIBIT SUPPLIES
G/L: 2158006
54680
Invoice #
1003-0915-75
HOLIDAY EXPRESS ICE CARVER
325.00
G/L: 2011701
54680
Invoice #
1003-0915-76
FUN FRIDAY ZOO TRIP
202.45
G/L: 21604305
54680
Invoice #
1003-0915-77
LIGHT BULBS - RED OAK EXHIBITS
G/L: 21604305
55990
Invoice #
1003-0915-78
STORAGE BIN - RED OAK
G/L: 21604305
51650
Invoice #
1003-0915-79
(3) EEAI MEMBERSHIPS
G/L: 21604305
54620
Invoice #
1003-0915-80
BOX TURTLE CUSTOM TANK - RED OAK
700.00
G/L: 21859205
54610
Invoice #
1003-0915-80
BOX TURTLE CUSTOM TANK - RED OAK
1,300.00
G/L: 21859205
54610
Invoice #
1003-0915-81
ANIMAL SUPPLIES - RED OAK
G/L: 2137605
54680
Invoice #
1003-0915-82
LOPPERS AND COMPASSES - RED OAK
184.90
G/L: 21604305
54680
Invoice #
1003-0915-82
LOPPERS AND COMPASSES - RED OAK
514.60
G/L: 21859205
54610
Invoice #
1003-0915-83
WATER BOTTLES - RED OAK MOUSE
G/L: 21604305
54680
Invoice #
1003-0915-84
GORILLA DUMP CARTS
726.84
G/L: 21859205
54210
Invoice #
1003-0915-85
SIGNS - RED OAK BIKE TRAIL
154.25
G/L: 20350000
53720
Invoice #
1003-0915-86
FACEBOOK AD
G/L: 20350000
56520
Invoice #
1003-0915-87
RECOGNITION AWARD
G/L: 20350000
53720
Invoice #
1003-0915-88
FACEBOOK AD
G/L: 21350006
53720
Invoice #
1003-0915-89
VALPAK INSERTION
564.00
G/L: 20500000
51610
Invoice #
1003-0915-90
FLIGHT LERN CONF - J.REAL
276.00
G/L: 20859203
54580
Invoice #
1003-0915-91
FURNITURE/FIXTURES - VAC LOCKER RM
214.97
G/L: 20500000
51610
Invoice #
1003-0915-92
LERN CONFERENCE - J.REAL
895.00
5,761.83
7.88
47.08
39.96
139.66
25.65
300.00
24.95
47.11
-50.99
35.20
206.52
12.98
489.82
3.97
60.90
6.99
114.42
5.00
46.59
8.99
75.00
8.47
11.92
27.43
107.98
8.13
Page 5 of 43
G/L: 20607603
54465
Invoice #
1003-0915-93
MICROWAVE - VAC CAFE
269.50
G/L: 20607603
54465
Invoice #
1003-0915-94
TWO BEVERAGE BUCKETS - VAC
125.93
G/L: 20859203
57040
Invoice #
1003-0915-95
GRAND TOUR ETAGERE VERDIGRIS - LOCKER RM
221.60
G/L: 20603103
56520
Invoice #
1003-0915-96
PROMOTIONAL/FITNESS ITEMS - VAC
28.50
G/L: 20603103
57070
Invoice #
1003-0915-96
PROMOTIONAL/FITNESS ITEMS - VAC
21.28
G/L: 20603103
53440
Invoice #
1003-0915-97
EQUIPMENT PARTS - VAC FITNESS
29.99
G/L: 2080403
54680
Invoice #
1003-0915-98
PROGRAM SUPPLIES - VAC
G/L: 20600003
54370
Invoice #
1003-0915-99
WELDED WIRE SECURITY CAGE - VAC
G/L: 10300000
54040
Invoice #
1003-0918-25
HANDSET CORDS
G/L: 2016902
54680
Invoice #
1003-0918-41
G/L: 10150000
51650
Invoice #
1008-0615-01
ANNUAL LINKAGE FEE
G/L: 20350000
51650
Invoice #
1008-0715-01
REWARDS CARD LINKAGE FEES
90.00
G/L: 20500000
51650
Invoice #
1008-0715-01
360.00
G/L: 21604306
51650
Invoice #
1008-0715-01
90.00
Total invoices AMERICAN EXPRESS
65.00
1,619.12
41.93
5.00
90.00
29,549.25
AMERICAN HOTEL REGISTER COMPANY
G/L: 20603103
54680
Invoice #
5939283
CREDIT MEMO
G/L: 20603103
54680
Invoice #
7132299
G/L: 20603103
54680
Invoice #
7153664
SHOWER CURTAINS - LADIES UPSTAIRS LOCKER
RM
SHOWER CURTAINS - LADIES UPSTAIRS LOCKER
RM
Total invoices AMERICAN HOTEL REGISTER COMPANY
-124.20
149.00
1,241.64
1,266.44
AMY COTTER, CPCC
G/L: 10100100
53080
Invoice #
1045
SEPT EXEC GROUP MTG/COACHING SESSIONS
Total invoices AMY COTTER, CPCC
465.00
465.00
AMY MUSCARNERO
G/L: 20603102
53950
Invoice #
EOLA-10132015
PERSONAL TRAINING SESSIONS
290.94
G/L: 20603102
53950
Invoice #
EOLA-10272015
314.94
Total invoices AMY MUSCARNERO
605.88
ANNA KISH
G/L: 2041400
54680
Invoice #
EXP-10/15/15
G/L: 20500000
51600
Invoice #
EXP-10/17/15
EXPENSE REIMBURSEMENT
51.49
120.18
MILEAGE
Total invoices ANNA KISH
171.67
ANNETTE CAMMARATA
G/L: 2053102
53950
Invoice #
FOX2015-0005
GROW WITH ME CLASSES - EOLA
Total invoices ANNETTE CAMMARATA
900.00
900.00
APEX INDUSTRIAL AUTOMATION, LLC
G/L: 20600001
54270
Invoice #
1107258
EXHAUST FAN MOTOR - PRISCO
Total invoices APEX INDUSTRIAL AUTOMATION, LLC
253.40
253.40
Page 6 of 43
APPLIED COMMUNICATIONS GROUP
G/L: 10300000
53040
Invoice #
5019
REWIRING - VAC
G/L: 10300000
53040
Invoice #
WO3145
TEST SMARTJACK TO NETPOP
241.00
G/L: 10300000
53040
Invoice #
WO3170
RUN WIRING - COLE LUNCH ROOM
250.50
Total invoices APPLIED COMMUNICATIONS GROUP
2,457.76
1,966.26
AREA RESTROOM SOLUTIONS
G/L: 10859100
53520
Invoice #
11530
JERICHO GARDEN PLOTS
83.00
G/L: 10859100
53520
Invoice #
11531
LIPPOLD PARK
83.00
G/L: 10859100
53520
Invoice #
11532
LINCOLN PARK
G/L: 21859206
53520
Invoice #
11533
BLACKBERRY FARM OCT 2015
G/L: 10859100
53520
Invoice #
11534
VETERANS ISLAND
83.00
G/L: 20850000
53520
Invoice #
11535
MIDDLEBURY PARK
83.00
G/L: 10859100
53520
Invoice #
11536
STUART SPORTS
G/L: 20850000
53520
Invoice #
11537
RIOS OCTOBER 2015
G/L: 20850000
53520
Invoice #
11611
STUART SPORTS OCT 2015
Total invoices AREA RESTROOM SOLUTIONS
83.00
110.00
83.00
166.00
1,023.00
1,797.00
ARLENE KALLIEN
G/L: 10100100
56520
Invoice #
EXP-10/14/15
Total invoices ARLENE KALLIEN
51.67
51.67
ARTHUR SCOTT III
G/L: 20603102
53950
Invoice #
EOLA-102715
135.47
G/L: 20603102
53950
Invoice #
EOLA101315
150.94
G/L: 20603102
53950
Invoice #
EOLA102015
150.94
Total invoices ARTHUR SCOTT III
437.35
61.58
AT & T
G/L: 20300054
52030
Invoice #
6308920046-1015
STUART CONCESSIONS - 10/7-11/6
G/L: 10300000
52040
Invoice #
6308969645-1015
BARNES RD MAINT - 10/13-11/12
89.99
G/L: 10300011
52030
Invoice #
6308969645-1015
144.56
G/L: 21300005
52030
Invoice #
6308971808-1015
RED OAK - 10/19-11/18
193.25
G/L: 10300031
52030
Invoice #
6308976896-1015
COLE CENTER - 10/19-11/18
65.04
G/L: 20300031
52030
Invoice #
6308976896-1015
65.04
G/L: 10300031
52030
Invoice #
6308977681-1015
65.01
G/L: 20300031
52030
Invoice #
6308977681-1015
65.01
G/L: 20300026
52030
Invoice #
6308987500-1015
COPLEY II - 10/1-10/31
G/L: 20300003
52030
Invoice #
630Z041116-1015
TENNIS DATA LINE - 10/16-11/15
275.26
G/L: 10300000
52040
Invoice #
630Z216157-1015
256.90
G/L: 22300023
52040
Invoice #
630Z990559-1015
POLICE T1 - 10/16-11/15
256.90
G/L: 20300003
52040
Invoice #
630Z991229-1015
VAC T1 - 10/16-11/15
256.90
G/L: 20300002
52040
Invoice #
630Z992702-1015
EOLA T1 - 10/16-11/15
337.76
G/L: 20300001
52040
Invoice #
630Z994345-1015
PRISCO T1 - 10/16-11/15
256.90
G/L: 21300006
52040
Invoice #
630Z994357-1015
BLACKBERRY FARM T1 - 10/16-11/15
256.90
Total invoices AT & T
63.92
2,710.92
Page 7 of 43
AT&T
G/L: 10300011
52030
Invoice #
367889204
LONG DISTANCE SERVICE
0.18
G/L: 10300031
52030
Invoice #
367889204
7.26
G/L: 20300001
52030
Invoice #
367889204
0.95
G/L: 20300002
52030
Invoice #
367889204
30.32
G/L: 20300003
52030
Invoice #
367889204
13.72
G/L: 20300026
52030
Invoice #
367889204
1.04
G/L: 20300031
52030
Invoice #
367889204
7.26
G/L: 21300005
52030
Invoice #
367889204
3.64
G/L: 21300006
52030
Invoice #
367889204
2.01
G/L: 22300023
52030
Invoice #
367889204
0.40
G/L: 10300000
52040
Invoice #
7083299204
INTERNET - COLE CENTER
1,094.01
Total invoices AT&T
1,160.79
AT&T LONG DISTANCE
G/L: 10300031
52030
Invoice #
858313375-1015
3.81
G/L: 20300031
52030
Invoice #
858313375-1015
3.81
Total invoices AT&T LONG DISTANCE
7.62
AT&T MOBILITY
G/L: 10300000
52030
Invoice #
287231239810X1015
IPAD SERVICE
Total invoices AT&T MOBILITY
53.72
53.72
AURORA BEVERAGE DISTRIBUTORS, INC
G/L: 2054703
54680
Invoice #
181423
HELIUM TANK REFILL - VAC BDAY
Total invoices AURORA BEVERAGE DISTRIBUTORS, INC
250.00
250.00
AURORA EAST SCHOOL DISTRICT 131
G/L: 2011801
54680
Invoice #
12/10 FCC
ENTERTAINER - 12/10 FCC XMAS LUNCHEON
Total invoices AURORA EAST SCHOOL DISTRICT 131
150.00
150.00
AURORA SPRING & TRUCK PARTS
G/L: 10859300
54360
Invoice #
17723
SHOP SUPPLIES
Total invoices AURORA SPRING & TRUCK PARTS
33.78
33.78
AURORA WINDOW CLEANING
G/L: 20600001
53990
Invoice #
52294
CUSTODIAL SERVICES - PRISCO
150.00
Total invoices AURORA WINDOW CLEANING
150.00
BABOLAT
G/L: 20603203
56010
Invoice #
2454372
VAC TENNIS SHOP MERCHANDISE
328.45
G/L: 20603203
56010
Invoice #
2455108
129.27
Total invoices BABOLAT
457.72
Page 8 of 43
BARTON ELECTRIC, INC
G/L: 187012
57070
Invoice #
3390
BANNER ARMS - STUART SPORTS
1,710.00
Total invoices BARTON ELECTRIC, INC
1,710.00
BDK DOOR INC
G/L: 20859203
53350
Invoice #
12636
REPAIR DOOR FRAMES - VAC
G/L: 20859203
53350
Invoice #
12758
REPAIR DOOR - VAC
220.00
G/L: 21859205
53350
Invoice #
12767
KNOB LOCK - RED OAK
210.00
G/L: 21859205
53350
Invoice #
12852
INSTALL KMK LEVER - RED OAK
214.00
G/L: 20859202
53350
Invoice #
12919
REPAIR DOOR - EOLA
203.00
Total invoices BDK DOOR INC
1,535.00
2,382.00
BEATS PER MINUTE FITNESS CORPORATION
G/L: 2014202
53950
Invoice #
EOLA-10072015
INSANITY SESSIONS - EOLA
Total invoices BEATS PER MINUTE FITNESS CORPORATION
252.00
252.00
BELLA MONOGRAMS
G/L: 2061201
54680
Invoice #
7/31/15
YOUTH SOCCER SHIRTS-2015
Total invoices BELLA MONOGRAMS
165.70
165.70
BELYNDA HEAD
G/L: 2017302
53950
Invoice #
0011
R & B LINE DANCE INSTRUCTOR
336.00
Total invoices BELYNDA HEAD
336.00
STORYTELLER - ALL HALLOW EVE
150.00
Total invoices BEVERLY J LAMKEY
150.00
BEVERLY J LAMKEY
G/L: 2137406
54680
Invoice #
10/17 EVENT
BFG SUPPLY CO, LLC
G/L: 10859400
54150
Invoice #
501345-00
(3) PALLETS OF SOIL
831.40
G/L: 10859700
54130
Invoice #
501345-00
(3) PALLETS OF SOIL
831.40
G/L: 10859700
54130
Invoice #
504410-00
SOIL
Total invoices BFG SUPPLY CO, LLC
59.32
1,722.12
BILL'S REPAIR SERVICE
G/L: 10859300
54230
Invoice #
4972
EQUIPMENT PARTS
71.40
G/L: 10859300
53390
Invoice #
4976
REPAIR - UNIT #112
1,674.30
G/L: 10859300
53390
Invoice #
4981
REPAIR - UNIT #182
273.50
G/L: 10859300
54230
Invoice #
4986
EQUIPMENT PARTS
49.15
Total invoices BILL'S REPAIR SERVICE
2,068.35
BLUETARP FINANCIAL, INC
G/L: 10859531
54350
Invoice #
33887720
SAW-ZALL
Total invoices BLUETARP FINANCIAL, INC
69.00
69.00
Page 9 of 43
BRADLEY W GREVENGOED
G/L: 21859206
54610
Invoice #
542754-1015
PONY TRIMS
Total invoices BRADLEY W GREVENGOED
405.00
405.00
BSN SPORTS INC
G/L: 2022502
54680
Invoice #
97287025
ATHLETIC LEAGUE SUPPLIES
99.98
G/L: 2025202
54680
Invoice #
97287025
ATHLETIC LEAGUE SUPPLIES
396.67
Total invoices BSN SPORTS INC
496.65
BURROAK MASONRY
G/L: 20859203
53350
Invoice #
6792
MASONRY REPAIR - VAC
Total invoices BURROAK MASONRY
1,635.00
1,635.00
BUTLER & SONS LAWN CARE
G/L: 10859100
53810
Invoice #
6014
SEPT MOWING CONTRACT
Total invoices BUTLER & SONS LAWN CARE
6,676.57
6,676.57
CAPITAL ONE FINANCIAL
G/L: 2158006
54680
Invoice #
040506
SUPPLIES - HOLIDAY EXPRESS
130.18
G/L: 10200000
51660
Invoice #
056743
FOOD - HEALTH FAIR
277.51
G/L: 20200000
51660
Invoice #
056743
FOOD - HEALTH FAIR
277.51
Total invoices CAPITAL ONE FINANCIAL
685.20
CAPITAL PRINTING
G/L: 10150000
54000
Invoice #
20612
LETTERHEAD AND #10 ENVELOPES
446.65
G/L: 20150000
54000
Invoice #
20612
499.23
G/L: 21604305
54000
Invoice #
20612
26.28
G/L: 21604306
54000
Invoice #
20612
G/L: 20350000
53730
Invoice #
20630
BUSINESS CARDS
148.00
G/L: 20600001
54000
Invoice #
20630
BUSINESS CARDS
112.00
G/L: 20600003
54000
Invoice #
20630
BUSINESS CARDS
372.00
G/L: 21604305
54000
Invoice #
20630
BUSINESS CARDS
112.00
G/L: 21604306
54000
Invoice #
20630
BUSINESS CARDS
112.00
G/L: 10150000
54000
Invoice #
20631
A/P WINDOW ENVELOPES
187.57
G/L: 20150000
54000
Invoice #
20631
222.78
G/L: 21604305
54000
Invoice #
20631
11.73
G/L: 21604306
54000
Invoice #
20631
11.73
G/L: 22808123
54000
Invoice #
20631
11.73
Total invoices CAPITAL PRINTING
26.28
2,299.98
CAROLE H STEPHENS
G/L: 2016902
54680
Invoice #
IN-SERVICE 2015
TEACHER'S PRESCHOOL INSERVICE
Total invoices CAROLE H STEPHENS
340.00
340.00
Page 10 of 43
CENTRAL SOD FARMS INC
G/L: 10859100
54130
Invoice #
INV98852
SOD - VAUGHAN CENTER
Total invoices CENTRAL SOD FARMS INC
1,157.50
1,157.50
CHARLES STEWART JR
G/L: 20603102
53950
Invoice #
EOLA101915
Total invoices CHARLES STEWART JR
163.23
163.23
CHESS SCHOLARS
G/L: 2021602
53950
Invoice #
2015225
CHESS SCHOLARS CLASS - EOLA
Total invoices CHESS SCHOLARS
680.00
680.00
CHICAGO BOTANIC GARDEN
G/L: 2011701
54680
Invoice #
E03466-FINAL
FINAL PYMT - 12/1 SENIOR TRIP
Total invoices CHICAGO BOTANIC GARDEN
175.00
175.00
CHICAGO HISTORY MUSEUM
G/L: 2011701
54680
Invoice #
11/13 TOUR
FINAL PYMT- 11/13 SENIOR TRIP
Total invoices CHICAGO HISTORY MUSEUM
170.00
170.00
CHICAGO TRIBUNE MEDIA GROUP
G/L: 10850000
53740
Invoice #
002271669
LEGAL NOTICES
245.83
G/L: 297092
57020
Invoice #
002271669
LEGAL NOTICES
195.21
G/L: 10100100
51650
Invoice #
44594754-0915
MCCAUL NEWSPAPER
Total invoices CHICAGO TRIBUNE MEDIA GROUP
87.92
528.96
CINTAS CORPORATION
G/L: 20600002
54100
Invoice #
8402435711
G/L: 20600003
54100
Invoice #
8402445988
FIRST AID SUPPLIES - VAC
438.94
G/L: 20606603
54100
Invoice #
8402445988
FIRST AID SUPPLIES - VAC
129.66
G/L: 21859205
54100
Invoice #
8402461263
FIRST AID SUPPLIES - RED OAK
FIRST AID SUPPLIES - EOLA
Total invoices CINTAS CORPORATION
34.57
43.84
647.01
CITY OF AURORA
G/L: 20
20200
Invoice #
104396472-0915
FOOD/BEVERAGE TAX FOR SEPT
G/L: 20150003
43020
Invoice #
104396472-0915
FOOD/BEVERAGE TAX FOR SEPT
G/L: 20859203
53800
Invoice #
176114
FALSE ALARM FEE - VAC SEPT 2015
Total invoices CITY OF AURORA
38.28
-0.80
100.00
137.48
CITY OF AURORA WATER DEPT/AMEX
G/L: 20859201
52020
Invoice #
101-69427-0915
PRISCO 7/2 - 9/4
1,171.90
G/L: 20859225
52020
Invoice #
101-70840-0915
NEW HAVEN 7/2 - 9/4
2,020.15
Total invoices CITY OF AURORA WATER DEPT/AMEX
3,192.05
Page 11 of 43
CITY OF AURORA/WATER DEPARTMENT
G/L: 20859225
52020
Invoice #
101-21378-1015
COPLEY I - 7/31-9/25
23.50
G/L: 10859230
52020
Invoice #
101-27973-1015
712 S RIVER ST - 7/31-9/25
71.35
G/L: 10859225
52020
Invoice #
101-3762-1015
WAUBONSIE LAKE - 8/6-10/1
58.30
G/L: 21859206
52020
Invoice #
101-54445-1015
BLACKBERRY FARM - 7/31-9/25
23.50
G/L: 10859225
52020
Invoice #
101-66132-1015
WHEATLAND PARK - 8/14-10/9
32.20
G/L: 10859225
52020
Invoice #
101-70172-1015
SPRING LAKE - 8/7-10/2
49.60
G/L: 10859225
52020
Invoice #
101-71129-1015
WAUBONISE LAKE - 8/6-10/1
80.05
G/L: 21859206
52020
Invoice #
101-8-1015
93.10
Total invoices CITY OF AURORA/WATER DEPARTMENT
431.60
CITY WELDING SALES & SERVICE, INC
G/L: 2154706
54680
Invoice #
R133624
HELIUM CYLINDER RENTAL - BFARM
Total invoices CITY WELDING SALES & SERVICE, INC
12.50
12.50
COCA-COLA REFRESHMENTS
G/L: 20607603
56250
Invoice #
812202407
BEVERAGE PURCHASE - VAC CAFE
197.54
G/L: 20607603
56250
Invoice #
812202617
376.82
G/L: 20607603
56250
Invoice #
812202716
207.34
Total invoices COCA-COLA REFRESHMENTS
781.70
CODY KAMP
G/L: 20600001
55990
Invoice #
EXP-10/9/15
Total invoices CODY KAMP
103.87
103.87
COMCAST CABLE
G/L: 20300001
52040
Invoice #
87712006001353921015
CABLE - PRISCO
G/L: 20600003
53990
Invoice #
87712006003739361015
CABLE/INTERNET - VAC
375.92
G/L: 22808123
53990
Invoice #
87712006008066610015
FARNSWORTH PARK
107.85
G/L: 22808123
53990
Invoice #
87712006008135501015
GREENE FIELD PARK
107.85
G/L: 10300000
52040
Invoice #
87712006009860751015
CABLE/INTERNET - COLE
345.45
G/L: 10300000
52040
Invoice #
87712006009933521015
INTERNET - BARNES RD MAINT
104.85
G/L: 10300000
52040
Invoice #
87712006009946991015
INTERNET - OAKHURST
104.85
G/L: 20300001
52040
Invoice #
87712006010021041015
INTERNET - PRISCO
G/L: 20300003
52040
Invoice #
87712006010042251015
INTERNET - VAC
147.85
G/L: 20300002
52040
Invoice #
87712006010096951015
INTERNET - EOLA
122.90
G/L: 22808123
53990
Invoice #
87712006010931451015
NEW HAVEN
107.85
G/L: 20300026
52040
Invoice #
87712006014720341015
INTERNET - BOXING CLUB
132.85
G/L: 21300005
52040
Invoice #
87712006101564871015
INTERNET - RED OAK
102.85
G/L: 22300023
52040
Invoice #
87712206201455381015
INTERNET - POLICE
142.85
Total invoices COMCAST CABLE
4.21
92.85
2,000.98
Page 12 of 43
COMED
G/L: 20859625
52010
Invoice #
0111129018-1015
LEBANON PARK - 9/23-10/22
G/L: 20859625
52010
Invoice #
0143070142-1015
WAUBONSIE CREEK - 9/23-10/20
G/L: 10859225
52010
Invoice #
0323065050-1015
WHEATLAND PARK- 9/29-10/26
37.97
G/L: 20859625
52010
Invoice #
1065157021-1015
GREENE FIELD PARK - 9/4-10/6
98.46
G/L: 20859625
52010
Invoice #
1094321008-1015
GOODWIN PARK/SCHOOL - 9/11-10/8
31.42
G/L: 10859225
52010
Invoice #
1098085021-1015
SPRING LAKE 9/18 - 10/15
39.72
G/L: 10859225
52010
Invoice #
1883092118-1015
NEW HAVEN - 9/10-10/7
54.09
G/L: 20859625
52010
Invoice #
2096064007-1015
JEWEL PARK/SCHOOL - 9/8-10/6
57.46
G/L: 10859225
52010
Invoice #
3663045068-1015
MORTH RIVER ST 9/25 - 10/26
38.34
G/L: 10859225
52010
Invoice #
4398011011-1015
NA RESTROOMS - 9/14-10/8
24.21
G/L: 20859625
52010
Invoice #
4959077095-1015
SIMMONS PARK - 9/15-10/13
64.57
G/L: 20859625
52010
Invoice #
5502349005-1015
LEBANON PARK - 9/22-10/20
23.38
G/L: 10859225
52010
Invoice #
5502757007-1015
AUSTIN PARK - 9/23-10/19
43.69
G/L: 10859225
52010
Invoice #
5508258012-1015
WAUBONSIE LAKE PARK - 9/17-10/16
52.10
G/L: 20859225
52010
Invoice #
5900403004-1015
MAY ST PARK - 9/9-10/6
21.19
G/L: 10859225
52010
Invoice #
5989193003-1015
COOL ACRES - 9/11-10/9
82.78
G/L: 10859225
52010
Invoice #
6162541000-1015
VETERANS ISLAND - 9/11-10/8
88.46
G/L: 10859225
52010
Invoice #
6162582001-1015
LINCOLN AVE MINI PARK - 9/16-10/13
21.19
G/L: 10859225
52010
Invoice #
6311390017-1015
MONTGOMERY PARK - 9/2-10/2
22.28
G/L: 20859625
52010
Invoice #
7249616007-1015
SCHNEIDER PARK/SCHOOL - 9/11-10/12
G/L: 21859205
52010
Invoice #
7417461009-1015
RED OAK - 9/11-10/9
476.24
G/L: 20859226
52010
Invoice #
7422010014-1015
BOXING CLUB - 9/15-10/13
322.72
G/L: 20859225
52010
Invoice #
7580541007-1015
ARCHERY - 9/4-10/5
21.49
G/L: 10859225
52010
Invoice #
7823641002-1015
GILMAN TRAIL - 9/2-10/2
32.41
G/L: 20859225
52010
Invoice #
7847305012-1015
FARNSWORTH PARK - 9/22-10/20
26.65
G/L: 20859225
52010
Invoice #
8073266009-1015
WESTWOOD PARK - 9/1-10/2
30.72
Total invoices COMED
35.57
554.30
34.97
2,336.38
COMERS WELDING SERVICE INC
G/L: 10859531
54190
Invoice #
93282
TUBE - BRIDGE #1
Total invoices COMERS WELDING SERVICE INC
30.00
30.00
COMMUNICATIONS DIRECT INC
G/L: 22808123
53380
Invoice #
SR108332
RADIO REPAIR - SQUAD 7
G/L: 20600003
54050
Invoice #
SR108380
PARTS - VAC RADIO
Total invoices COMMUNICATIONS DIRECT INC
117.75
81.00
198.75
COMMUNITIES IN SCHOOLS
G/L: 23150000
53085
Invoice #
SEPT2015
GRANT REIMB AND ADVANCE
Total invoices COMMUNITIES IN SCHOOLS
47,000.00
47,000.00
CRESCENT ELECTRIC SUPPLY COMPANY
G/L: 10859200
54270
Invoice #
S501072711.01
G/L: 20600003
54270
Invoice #
S501091785.001
ELECTRICAL - MONTGOMERY PARK
LIGHT BULBS/ELECTRICAL SUPPLIES
Total invoices CRESCENT ELECTRIC SUPPLY COMPANY
23.05
543.67
566.72
Page 13 of 43
CROWN COLLECTIONS, INC
G/L: 20603203
56010
Invoice #
CR1301
1,267.00
Total invoices CROWN COLLECTIONS, INC
1,267.00
CRYSTAL MGMT & MAINT. SVCS. CORP
G/L: 20600003
53300
Invoice #
22941
JUNE ADDITIONAL SERVICES - VAC
G/L: 20600002
53300
Invoice #
23149
SEPT ADDITIONAL SERVICES - EOLA
G/L: 20600001
53300
Invoice #
23151
SEPT ADDITIONAL SERVICES - PRISCO
G/L: 10859231
53300
Invoice #
23237
NOV CUSTODIAL CLEANING SERVICE
1,445.30
G/L: 20600001
53300
Invoice #
23237
4,801.50
G/L: 20600002
53300
Invoice #
23237
6,547.50
G/L: 20600003
53300
Invoice #
23237
6,169.20
G/L: 22808123
53300
Invoice #
23238
OCT OFFICE CLEANING - POLICE
Total invoices CRYSTAL MGMT & MAINT. SVCS. CORP
378.00
3,423.00
602.00
325.00
23,691.50
D & H AG THE COUNTRY STORE
G/L: 21859206
54610
Invoice #
113289
PONY AND BARN FEED
Total invoices D & H AG THE COUNTRY STORE
204.14
204.14
DANIEL T LEAHY
G/L: 20350000
51600
Invoice #
EXP-10/14/15
MILEAGE
19.55
G/L: 20350000
51600
Invoice #
EXP-10/21
MILEAGE
17.83
Total invoices DANIEL T LEAHY
37.38
DEX ONE
G/L: 20350000
53720
Invoice #
500209317-1015
OCT ADVERTISING - YELLOW PAGES
Total invoices DEX ONE
164.00
164.00
DIANE BUSCHER
G/L: 2016902
54680
Invoice #
EXP-10/15/15
G/L: 2016902
54680
Invoice #
EXP-10/26/15
47.56
G/L: 2016902
54680
Invoice #
EXP-10/29/15
294.12
G/L: 2016902
54680
Invoice #
EXP-10/8/15
96.00
Total invoices DIANE BUSCHER
36.85
474.53
DIRECT ENERGY SERVICES, LLC
G/L: 10859216
52000
Invoice #
219649753220-1015
G/L: 20859202
52000
Invoice #
284719527301-1015
EOLA- 9/1-10/1
G/L: 20859201
52000
Invoice #
367908970786-1015
PRISCO - 9/1-10/1
G/L: 20859203
52000
Invoice #
407237994832-1015
VAC - 9/1-10/1
GREENHOUSE - 9/1-10/1
Total invoices DIRECT ENERGY SERVICES, LLC
4.09
166.19
48.63
3,925.47
4,144.38
Page 14 of 43
DIRECT FITNESS SOLUTIONS, LLC
G/L: 20603102
53440
Invoice #
504006
INSTALL PRECOR ELLIPTICAL MOTOR
G/L: 20603102
53440
Invoice #
504007
REPAIR PRECOR TREADMILL - EOLA
155.00
G/L: 20603102
53440
Invoice #
507547
REPAIR RECUMBENT CYCLES - EOLA
195.00
Total invoices DIRECT FITNESS SOLUTIONS, LLC
80.00
430.00
DISCOUNT SCHOOL SUPPLY
G/L: 2016902
54680
Invoice #
P33535490101
G/L: 2137306
54680
Invoice #
P33579100101
G/L: 2142906
54680
Invoice #
P33579100101
DECORATING SUPPLIES - PUMPKIN PATCH/SCHL
PRGRM
DECORATING SUPPLIES - PUMPKIN PATCH/SCHL
PRGRM
Total invoices DISCOUNT SCHOOL SUPPLY
346.12
10.39
129.78
486.29
DON BOHR & SONS
G/L: 25000000
53375
Invoice #
15-105
G/L: 297091
57020
Invoice #
15-105
REPLACE SOUTH ENTERANCE
CONCRETE PRISCO
REPLACE SOUTH ENTERANCE
CONCRETE PRISCO
Total invoices DON BOHR & SONS
3,100.00
11,470.00
14,570.00
DOTY NURSERIES LLC
G/L: 10859811
54160
Invoice #
I107894
JAPENESE LILAC - VAUGHAN
165.00
Total invoices DOTY NURSERIES LLC
165.00
FINAL PYMT - 12/2 THEATER TRIP
1,920.35
DRURY LANE
G/L: 2027601
54680
Invoice #
12345-FINAL
Total invoices DRURY LANE
1,920.35
DUPAGE RIVER SALT CREEK WORKGROUP
G/L: 10859112
51610
Invoice #
10/8 WORKSHOP
(6) DEICING WORKSHOP
30.00
G/L: 10859131
51610
Invoice #
10/8 WORKSHOP
45.00
G/L: 10859531
51610
Invoice #
10/8 WORKSHOP
15.00
Total invoices DUPAGE RIVER SALT CREEK WORKGROUP
90.00
DUPAGE SALT COMPANY
G/L: 20600003
55990
Invoice #
19980
WATER SOFTENER SALT
129.37
Total invoices DUPAGE SALT COMPANY
129.37
544.00
Total invoices DYNAMIC DESIGN ENTERPRISES INC/BOLLE
544.00
DYNAMIC DESIGN ENTERPRISES INC/BOLLE
G/L: 20603203
56010
Invoice #
IN00324126
ELISABETH TEITGE
G/L: 20350000
53900
Invoice #
0028
FREELANCE
858.00
G/L: 20350000
53900
Invoice #
0029
FREELANCE
210.00
Total invoices ELISABETH TEITGE
1,068.00
Page 15 of 43
ENGINEERING ENTERPRISES INC
G/L: 18150000
53100
Invoice #
57055
TOPOGRAPHIC - CANTERBURY PARK
1,500.00
G/L: 18150000
53100
Invoice #
57056
TOPOGRAPHIC - CUMBERLAND PARK
1,250.00
G/L: 10250000
53100
Invoice #
57245
ENG SERVICES - HOSCHEIT PARK
G/L: 10250000
53100
Invoice #
57246
ENG SERVICES - WAUBONSIE LAKE
Total invoices ENGINEERING ENTERPRISES INC
69.00
273.21
3,092.21
ENVIRONMENTAL DESIGN SERVICE
G/L: 21604305
53100
Invoice #
15-203
DEGIGN & CONSULTING FEES - RED OAK
Total invoices ENVIRONMENTAL DESIGN SERVICE
1,955.00
1,955.00
EUROPEAN CHEF TO THE RESCUE
G/L: 2040101
54680
Invoice #
10/14 EVENT
10/14 CHEF EVENT
160.00
G/L: 2040101
54680
Invoice #
11/3 EVENT
11/3 CULINARY EVENT
176.00
Total invoices EUROPEAN CHEF TO THE RESCUE
336.00
EXXONMOBILE
G/L: 10100200
51670
Invoice #
7959-1015
VEHICLE WASHES
G/L: 20600001
53990
Invoice #
7959-1015
VEHICLE WASHES
25.95
G/L: 22808123
53380
Invoice #
7959-1015
VEHICLE WASHES
194.35
Total invoices EXXONMOBILE
25.95
246.25
FASTENAL COMPANY
G/L: 10859200
54100
Invoice #
ILAUR146118
VENDING SAFETY SUPPLIES - GREENHOUSE
103.55
G/L: 10859200
54100
Invoice #
ILAUR146312
VENDING SAFETY SUPPLIES - COLE
405.13
G/L: 10859200
54100
Invoice #
ILAUR146313
VENDING SAFETY SUPPLIES - BARNES RD MAINT
104.41
G/L: 10859200
54100
Invoice #
ILAUR146541
134.78
G/L: 10859200
54100
Invoice #
ILAUR146542
VENDING SAFETY SUPPLIES - BARNES RD MAINT
124.96
G/L: 10859200
54100
Invoice #
ILAUR146543
VENDING SAFETY SUPPLIES - GREENHOUSE
G/L: 10859200
54100
Invoice #
ILAUR146544
VENDING SAFETY SUPPLIES - OAKHURST
G/L: 10859112
54100
Invoice #
ILAUR146602
SAFETY/IRRIGATION SUPPLIES
152.35
G/L: 10859112
54250
Invoice #
ILAUR146602
70.36
G/L: 10859112
55990
Invoice #
ILAUR146602
25.24
G/L: 10859200
54100
Invoice #
ILAUR146655
184.60
G/L: 10859200
54100
Invoice #
ILAUR146664
272.89
Total invoices FASTENAL COMPANY
50.09
36.78
1,665.14
Page 16 of 43
FEECE OIL COMPANY
G/L: 10859200
54270
Invoice #
1547149
ANTIFREEZE - CLOSING SHELTERS
545.60
G/L: 10850000
54140
Invoice #
3382321
10/1 GASOLINE - BARNES RD
289.65
G/L: 20500000
54140
Invoice #
3382321
47.15
G/L: 20859600
54140
Invoice #
3382321
112.53
G/L: 21859206
54140
Invoice #
3382321
37.20
G/L: 22808123
54140
Invoice #
3382321
166.18
G/L: 10850000
54140
Invoice #
3382322
10/1 DIESEL - BARNES RD
529.89
G/L: 20500000
54140
Invoice #
3382322
G/L: 10850000
54140
Invoice #
3382505
10/2 DIESEL - COLE CENTER
G/L: 20500000
54140
Invoice #
3382505
G/L: 10850000
54140
Invoice #
3383314
10W30 OIL
403.70
G/L: 10850000
54140
Invoice #
3383478
406.41
G/L: 20500000
54140
Invoice #
3383478
66.17
G/L: 20859600
54140
Invoice #
3383478
157.89
G/L: 21859206
54140
Invoice #
3383478
52.20
G/L: 22808123
54140
Invoice #
3383478
233.17
G/L: 10850000
54140
Invoice #
3383879
10/8 GASOLINE - OAKHURST
377.84
G/L: 20500000
54140
Invoice #
3383879
61.51
G/L: 22808123
54140
Invoice #
3383879
15.79
G/L: 10850000
54140
Invoice #
3383881
10/8 DIESEL - OAKHURST
G/L: 20500000
54140
Invoice #
3383881
10/8 DIESEL - OAKHURST
G/L: 10850000
54140
Invoice #
3384114
10/10 GASOLINE - COLE CENTER
1,818.51
G/L: 20500000
54140
Invoice #
3384114
435.38
G/L: 20859600
54140
Invoice #
3384114
90.73
G/L: 22808123
54140
Invoice #
3384114
158.40
G/L: 10850000
54140
Invoice #
3384115
364.04
G/L: 20500000
54140
Invoice #
3384115
59.26
G/L: 10850000
54140
Invoice #
3384116
1,029.53
G/L: 20500000
54140
Invoice #
3384116
167.60
G/L: 10850000
54140
Invoice #
3384529
196.78
G/L: 20500000
54140
Invoice #
3384529
32.02
G/L: 20859600
54140
Invoice #
3384529
76.45
G/L: 21859206
54140
Invoice #
3384529
25.28
G/L: 22808123
54140
Invoice #
3384529
112.90
G/L: 10850000
54140
Invoice #
3384530
603.05
G/L: 20500000
54140
Invoice #
3384530
G/L: 10850000
54140
Invoice #
3386359
234.48
G/L: 20500000
54140
Invoice #
3386359
38.17
G/L: 20859600
54140
Invoice #
3386359
91.09
G/L: 21859206
54140
Invoice #
3386359
30.12
G/L: 22808123
54140
Invoice #
3386359
134.53
G/L: 10850000
54140
Invoice #
3386360
538.02
G/L: 20500000
54140
Invoice #
3386360
87.59
G/L: 10850000
54140
Invoice #
3386636
387.32
G/L: 20500000
54140
Invoice #
3386636
63.05
G/L: 22808123
54140
Invoice #
3386636
G/L: 10850000
54140
Invoice #
3387383
2,028.46
G/L: 20500000
54140
Invoice #
3387383
485.65
G/L: 20859600
54140
Invoice #
3387383
101.20
G/L: 22808123
54140
Invoice #
3387383
176.68
86.26
499.19
81.26
391.98
63.81
98.17
16.19
Page 17 of 43
Total invoices FEECE OIL COMPANY
14,306.03
FIRST ILLINOIS SYSTEMS, INC
G/L: 10859200
53990
Invoice #
16386
OCT PEST CONTROL - COLE CENTER
G/L: 20600002
53990
Invoice #
16397
OCT PEST CONTROL - EOLA
90.00
G/L: 10859212
53350
Invoice #
16401
OCT PEST CONTROL - GREENHOUSE
45.00
G/L: 10859212
53350
Invoice #
16442
OCT PEST CONTROL - OAKHURST
30.00
G/L: 21604305
53990
Invoice #
16450
OCT PEST CONTROL - RED OAK
G/L: 20600003
53990
Invoice #
16478
OCT PEST CONTROL - VAC
Total invoices FIRST ILLINOIS SYSTEMS, INC
106.00
60.00
138.00
469.00
FIRST NATIONAL BANK
G/L: 2041400
54680
Invoice #
9036-0915-01
JERSEYS,FLAG BELTS - FLAG FOOTBALL
G/L: 10100100
51650
Invoice #
9036-0915-02
DAILY HERALD SUBSCRIPTION
47.60
G/L: 2041400
54680
Invoice #
9036-0915-03
SUPPLIES - FLAG FOOTBALL LEAGUE
94.65
G/L: 20100300
51650
Invoice #
9036-0915-04
ANNUAL MEMBERSHIP DUES
G/L: 10859400
54150
Invoice #
9036-0915-06
FALL BULBS
1,437.80
G/L: 21859406
54150
Invoice #
9036-0915-06
FALL BULBS
259.45
G/L: 10100100
51650
Invoice #
9036-0915-07
DAILY HERALD SUBSCRIPTION
47.60
G/L: 10100100
51610
Invoice #
9036-0918-05
TAXI SERVICE - NRPA CONF
27.42
Total invoices FIRST NATIONAL BANK
4,084.63
40.00
6,039.15
FITNESS VISION WITH JOAN, INC
G/L: 20603102
53950
Invoice #
EOLA-JUL/AUG 2015
305.89
G/L: 20603102
53950
Invoice #
EOLA-SEPT 2015
197.60
Total invoices FITNESS VISION WITH JOAN, INC
503.49
FORESTRY SUPPLIERS INC
G/L: 10859700
54350
Invoice #
804981-00
TOOLS - NATURAL AREA
Total invoices FORESTRY SUPPLIERS INC
242.86
242.86
Page 18 of 43
FOX METRO WRD
G/L: 21859206
52020
Invoice #
A19-8639-1015
65.28
G/L: 10859216
52020
Invoice #
A27-1070-1015
GRRENHOUSE - 8/3-9/28
11.97
G/L: 10859230
52020
Invoice #
A36-3400-1015
712 S RIVER ST - 7/31-9/25
44.61
G/L: 20859225
52020
Invoice #
A38-2525-1015
COPLEY I - 7/31-9/25
G/L: 10859211
52020
Invoice #
A80-0095-1015
G/L: 20859203
52020
Invoice #
A80-7912-1015
VAC 7/31 - 9/25
G/L: 10859225
52020
Invoice #
A81-0230-1015
SPRING LAKE - 8/7-10/2
G/L: 20859225
52020
Invoice #
A81-0387-1015
SIMMONS PARK - 7/17-9/18
G/L: 20859625
52020
Invoice #
A81-0436-1015
WAUBONISE CREEK - 8/6-10/2
G/L: 10859225
52020
Invoice #
A81-0453-1015
WAUBONSIE LAKE - 8/6-10/1
G/L: 20859202
52020
Invoice #
A99-0051-1015
EOLA 8/6 - 10/1
G/L: 10859225
52020
Invoice #
M03-0120-1015
AUSTIN PARK - 8/1-10/1
G/L: 22859223
52020
Invoice #
M03-0309-1015
POLICE - 8/1-10/1
136.00
G/L: 20859254
52020
Invoice #
M03-4199-1015
STUART CONCESSIONS - 8/1-10/1
125.12
G/L: 10859225
52020
Invoice #
M03-9192-1015
BLACKBERRY TRAIL - 9/1-10/1
Total invoices FOX METRO WRD
3.00
36.45
6,632.45
24.48
24.48
3,345.06
52.77
6,445.31
43.52
54.40
17,044.90
FUN EXPRESS LLC
G/L: 2135705
54680
Invoice #
673639207-01
PROGRAM SUPPLIES - RED OAK
8.79
G/L: 2146205
54680
Invoice #
673639207-01
PROGRAM SUPPLIES - RED OAK
136.20
G/L: 2054703
54680
Invoice #
673921459-01
375.40
G/L: 2050502
54680
Invoice #
673969999-01
PROGRAM SUPPLIES - EOLA
70.99
Total invoices FUN EXPRESS LLC
591.38
Page 19 of 43
FVPD EMP. BENEFIT TRUST FUND
G/L: 10100100
51200
Invoice #
OCT15PREMIUM
OCT HEALTH & LIFE INSURANCE
2,833.64
G/L: 10150000
51200
Invoice #
OCT15PREMIUM
5,993.66
G/L: 10200000
51200
Invoice #
OCT15PREMIUM
1,025.44
G/L: 10250000
51200
Invoice #
OCT15PREMIUM
7,168.56
G/L: 10300000
51200
Invoice #
OCT15PREMIUM
1,710.14
G/L: 10850000
51200
Invoice #
OCT15PREMIUM
43,892.85
G/L: 15707117
51200
Invoice #
OCT15PREMIUM
741.86
G/L: 20100100
51200
Invoice #
OCT15PREMIUM
2,833.62
G/L: 20100300
51200
Invoice #
OCT15PREMIUM
65.98
G/L: 20150000
51200
Invoice #
OCT15PREMIUM
5,993.62
G/L: 20200000
51200
Invoice #
OCT15PREMIUM
1,025.44
G/L: 20300000
51200
Invoice #
OCT15PREMIUM
1,710.14
G/L: 20350000
51200
Invoice #
OCT15PREMIUM
4,584.63
G/L: 20500000
51200
Invoice #
OCT15PREMIUM
1,273.18
G/L: 20600000
51200
Invoice #
OCT15PREMIUM
1,187.10
G/L: 20600001
51200
Invoice #
OCT15PREMIUM
16,208.28
G/L: 20600002
51200
Invoice #
OCT15PREMIUM
9,948.57
G/L: 20600003
51200
Invoice #
OCT15PREMIUM
27,328.75
G/L: 20600026
51200
Invoice #
OCT15PREMIUM
507.52
G/L: 20859200
51200
Invoice #
OCT15PREMIUM
1,192.54
G/L: 20859203
51200
Invoice #
OCT15PREMIUM
1,864.51
G/L: 20859600
51200
Invoice #
OCT15PREMIUM
3,431.08
G/L: 21604305
51200
Invoice #
OCT15PREMIUM
3,001.31
G/L: 21604306
51200
Invoice #
OCT15PREMIUM
4,733.56
G/L: 21859206
51200
Invoice #
OCT15PREMIUM
1,454.18
G/L: 22808123
51200
Invoice #
OCT15PREMIUM
8,795.18
Total invoices FVPD EMP. BENEFIT TRUST FUND
160,505.34
INCLUSION FEE SEPTEMBER 2015
447.70
Total invoices FVSRA
447.70
FVSRA
G/L: 25554800
53950
Invoice #
FVPD 09-15
G&K SERVICES
G/L: 10859300
51640
Invoice #
1028260582
UNIFORMS - MECHANICS
81.90
G/L: 10859300
51640
Invoice #
1028263398
51.90
G/L: 10859300
51640
Invoice #
1028266187
48.90
Total invoices G&K SERVICES
182.70
GENE FELDOTT
G/L: 21859206
54610
Invoice #
729568
ANIMAL HAY
Total invoices GENE FELDOTT
375.00
375.00
GFOA/AMEX
G/L: 10150000
51610
Invoice #
451647
ANNUAL GFOA GAAP UPDATE
Total invoices GFOA/AMEX
135.00
135.00
Page 20 of 43
GOLD MEDAL PRODUCTS
G/L: 20607603
56250
Invoice #
297591
FOOD PURCHASE - VAC CAFE
588.34
G/L: 20607603
56250
Invoice #
298234
481.86
G/L: 20607603
56250
Invoice #
298484
63.46
Total invoices GOLD MEDAL PRODUCTS
1,133.66
GOLD SEAL CABINETS AND COUNTERTOPS, INC
G/L: 297091
57020
Invoice #
35003-FINAL
FINAL - CABINETS/COUNTERTOPS - PRISCO
Total invoices GOLD SEAL CABINETS AND COUNTERTOPS, INC
4,860.50
4,860.50
GORDON FLESCH/AMEX
G/L: 10100100
53730
Invoice #
IN11239774
COPIER USAGE 4/19/15-7/18/15
363.48
G/L: 10150031
53500
Invoice #
IN11239774
COPIER USAGE 4/19/15-7/18/15
58.56
G/L: 10250000
53500
Invoice #
IN11239774
COPIER USAGE 4/19/15-7/18/15
260.97
G/L: 10850000
53500
Invoice #
IN11239774
COPIER USAGE 4/19/15-7/18/15
219.25
G/L: 20150030
53500
Invoice #
IN11239774
COPIER USAGE 4/19/15-7/18/15
244.20
G/L: 20350000
53500
Invoice #
IN11239774
COPIER USAGE 4/19/15-7/18/15
560.60
G/L: 20350000
53710
Invoice #
IN11239774
COPIER USAGE 4/19/15-7/18/15
39.76
G/L: 20350001
53730
Invoice #
IN11239774
COPIER USAGE 4/19/15-7/18/15
5.00
G/L: 20600003
56520
Invoice #
IN11239774
COPIER USAGE 4/19/15-7/18/15
60.00
G/L: 21350006
53730
Invoice #
IN11239774
COPIER USAGE 4/19/15-7/18/15
1.50
G/L: 21604305
53500
Invoice #
IN11239774
COPIER USAGE 4/19/15-7/18/15
9.94
G/L: 21604306
53500
Invoice #
IN11239774
COPIER USAGE 4/19/15-7/18/15
4.97
Total invoices GORDON FLESCH/AMEX
1,828.23
GORDON FOOD SERVICE
G/L: 2011801
54680
Invoice #
753154117
SUPPLIES - FCC/CASINO TRIPS
G/L: 2028101
54680
Invoice #
753154117
SUPPLIES - FCC/CASINO TRIPS
32.00
G/L: 10859231
54020
Invoice #
753154466
COFFEE, CONDIMENTS - COLE
300.65
Total invoices GORDON FOOD SERVICE
75.29
407.94
GRAINGER
G/L: 25000000
53375
Invoice #
9808387634
ADA MIRROR - VAC
G/L: 25000000
53375
Invoice #
9814245834
CREDIT MEMO
G/L: 25000000
53375
Invoice #
9814421500
ADA MIRROR - VAC FAMILY CHANGING
Total invoices GRAINGER
312.75
-312.75
312.75
312.75
GREGORY A CARTER II
G/L: 2137406
54680
Invoice #
10/30 EVENT
DJ - GHOSTS IN THE GRAVEYARD
Total invoices GREGORY A CARTER II
200.00
200.00
HAMPTON, LENZINI AND RENWICK, INC
G/L: 10859700
53870
Invoice #
20151208
NATURAL AREA MAINTENANCE
13,245.00
G/L: 10859700
53870
Invoice #
20151212
NATURAL AREA MAINTENANCE
1,245.00
G/L: 10859700
53870
Invoice #
20151219
CATTAIL CONTROL - SPLASH COUNTRY
Total invoices HAMPTON, LENZINI AND RENWICK, INC
850.00
15,340.00
Page 21 of 43
HARNER'S BAKERY & RESTAURANT
G/L: 2011801
54680
Invoice #
5820
REFRESHMENTS - 10/15 FCC
129.25
G/L: 2011801
54680
Invoice #
5844
REFRESHMENTS - 10/22 FCC
285.29
G/L: 2137306
54680
Invoice #
6076
DONUT HOLES - BLACKBERRY FARM
33.75
G/L: 2137306
54680
Invoice #
6077
17.00
G/L: 2137306
54680
Invoice #
6078
18.71
G/L: 2137306
54680
Invoice #
6079
DONUT HOLES - BFARM
42.25
Total invoices HARNER'S BAKERY & RESTAURANT
526.25
HELEN WOHLFEIL
G/L: 10859400
51610
Invoice #
EXP-10/19
Total invoices HELEN WOHLFEIL
25.20
25.20
HINCKLEY SPRINGS
G/L: 21604306
53990
Invoice #
10428777101115
RED OAK
G/L: 22808123
53990
Invoice #
10526699100715
POLICE
G/L: 10859200
53990
Invoice #
15090934101115
COLE
Total invoices HINCKLEY SPRINGS
50.26
57.55
195.79
303.60
HOBBY LOBBY CREATIVE CENTERS
G/L: 2029902
54680
Invoice #
51575744
CAMP ART SUPPLIES - EOLA
G/L: 2127106
54680
Invoice #
51633611
PROGRAM SUPPLIES - BLACKBERRY FARM
Total invoices HOBBY LOBBY CREATIVE CENTERS
48.35
6.45
54.80
Page 22 of 43
HOME DEPOT CREDIT SERVICES
G/L: 10859200
54090
Invoice #
4023951
CUSTODIAL SUPPLIES
G/L: 10859200
54350
Invoice #
9023330
TOOLS
G/L: 10150031
54010
Invoice #
0011291
OFFICE/MATERIAL SUPPLIES - COLE
G/L: 10859231
54190
Invoice #
0011291
8.98
G/L: 10859300
54220
Invoice #
0011291
14.59
G/L: 10859400
54350
Invoice #
0023139
TOOLS - GREENHOUSE
31.82
G/L: 10859131
54200
Invoice #
0023168
TOOLS/SUPPLIES
15.55
G/L: 10859131
54350
Invoice #
0023168
TOOLS/SUPPLIES
33.45
G/L: 10859131
55990
Invoice #
0023168
TOOLS/SUPPLIES
9.45
G/L: 10859531
54210
Invoice #
0023168
TOOLS/SUPPLIES
19.84
G/L: 10859200
54210
Invoice #
0023184
CONCRETE MIX - AUSTIN PARK SIGN
20.80
G/L: 10859531
54190
Invoice #
0040592
MATERIAL - MEMORIAL BENCH PAD
31.65
G/L: 20859654
54350
Invoice #
1160743
TARP - ATHLETICS
39.98
G/L: 20600003
54190
Invoice #
1562986
BUILDING MATERIAL - VAC
70.95
G/L: 20859202
54190
Invoice #
2024222
HOOKS - EOLA
19.80
G/L: 20600003
54370
Invoice #
2025404
BUILDING FIXTURES
24.89
G/L: 10859811
54160
Invoice #
2025443
SPRAY PAINT
63.24
G/L: 20600003
54370
Invoice #
2051760
CONSTRUCTION ADHESIVE
31.88
G/L: 20600003
54370
Invoice #
2052828
BUILDING FIXTURES
G/L: 10859700
54130
Invoice #
3011429
SUPPLIES/TOOLS - NATURAL AREA
G/L: 10859700
54340
Invoice #
3011429
89.91
G/L: 10859700
54350
Invoice #
3011429
144.42
G/L: 20600003
54270
Invoice #
3042059
BATTERIES/BUILDING FIXTURES
25.96
G/L: 20600003
54370
Invoice #
3042059
BATTERIES/BUILDING FIXTURES
13.50
G/L: 10859131
54250
Invoice #
4023934
IRRIGATION PARTS
39.00
G/L: 10859531
54350
Invoice #
4041044
TOOLS/HARDWARE
39.94
G/L: 10859531
55990
Invoice #
4041044
TOOLS/HARDWARE
20.27
G/L: 10859400
54150
Invoice #
4082456
PLANTS
44.97
G/L: 10859200
54190
Invoice #
4164825
BUILDING MATERIAL
23.61
G/L: 20600003
54270
Invoice #
5023794
LIGHT BULBS/TOOLS
21.99
G/L: 20600003
54350
Invoice #
5023794
LIGHT BULBS/TOOLS
59.92
G/L: 10859200
54350
Invoice #
5023819
TOOLS
28.96
G/L: 10859531
54130
Invoice #
5041893
SPRAYER PARTS/ CHAIN OIL
21.94
G/L: 10859531
55990
Invoice #
5041893
SPRAYER PARTS/ CHAIN OIL
21.94
G/L: 20859654
54350
Invoice #
5161398
SPRAYER - ATHLETICS
G/L: 10859200
54270
Invoice #
6022474
BUILDING SUPPLIES
G/L: 20859203
54570
Invoice #
6023629
AQUATIC MAINT SUPPLIES - VAC
G/L: 10859400
54340
Invoice #
6023691
(3) SPRINKLERS
76.41
G/L: 10859200
54270
Invoice #
6024985
OUTLET COVERS - MAY ST PARK
69.53
G/L: 10859131
54200
Invoice #
6024991
FENCE PARTS - GREGORY ISLAND DOG PARK
46.55
G/L: 20600003
54190
Invoice #
7010929
BUILDING MATERIAL - VAC
49.16
G/L: 10859200
54210
Invoice #
7024801
CONCRETE - PARK ID SIGN
216.92
G/L: 20859654
54180
Invoice #
7024876
SUPPLIES - ATHLETIC FIELDS
81.81
G/L: 10859231
54190
Invoice #
8024665
SHELF - COLE CENTER
25.70
G/L: 20859654
54350
Invoice #
8160067
TARPS, STRAP - ATHLETICS
84.84
G/L: 10859200
54190
Invoice #
9011308
BUILDING MATERIAL - BLACKBERRY TRAILS
76.85
G/L: 21859206
54190
Invoice #
9023362
SCREWS
50.88
G/L: 10859231
54190
Invoice #
9023372
LIGHT BULBS - COLE
26.97
Total invoices HOME DEPOT CREDIT SERVICES
40.19
54.94
118.00
7.67
25.55
1.72
61.91
6.67
2,155.47
Page 23 of 43
HUB INTERNATIONL MIDWEST LTD
G/L: 10200000
53100
Invoice #
164828
FLSA COMPLIANCE CONSULTING
1,000.00
G/L: 20200000
53100
Invoice #
164828
FLSA COMPLIANCE CONSULTING
1,000.00
Total invoices HUB INTERNATIONL MIDWEST LTD
2,000.00
HUSAIN ABDUL AZIZ
G/L: 20603102
53950
Invoice #
EOLA101915
361.79
G/L: 20603102
53950
Invoice #
EOLA101915P2
61.88
Total invoices HUSAIN ABDUL AZIZ
423.67
IL ASSOCIATION OF CHIEFS OF POLICE
G/L: 22808123
51610
Invoice #
612
G/L: 22808123
51650
Invoice #
CERT. RENEWAL
99.00
TUITION
CERTIFICATION RENEWAL
Total invoices IL ASSOCIATION OF CHIEFS OF POLICE
100.00
199.00
ILLCO, INC
G/L: 20859654
54250
Invoice #
1289871
IRRIGATION PARTS
Total invoices ILLCO, INC
3.09
3.09
ILLINOIS ARBORIST ASSOCIATION
G/L: 10859131
51610
Invoice #
553
ARBORIST CERTIFICATION CLASSES
220.00
G/L: 10859131
51650
Invoice #
565
MEMBERSHIP DUES IAA/ISA
175.00
Total invoices ILLINOIS ARBORIST ASSOCIATION
395.00
ILLINOIS DEPARTMENT OF AGRICULTURE
G/L: 10859112
51650
Invoice #
2015LICENSE-AS
PESTICIDE LICENSE - A.STRATTON
20.00
Total invoices ILLINOIS DEPARTMENT OF AGRICULTURE
20.00
ILLINOIS DEPARTMENT OF REVENUE
G/L: 20
20200
Invoice #
04396472-0915
STATE SALES TAX FOR SEPT 2015
G/L: 20150003
43020
Invoice #
04396472-0915
-18.46
G/L: 21
20200
Invoice #
04396472-0915
401.37
G/L: 21150006
43020
Invoice #
04396472-0915
-7.03
Total invoices ILLINOIS DEPARTMENT OF REVENUE
1,276.00
900.12
ILLINOIS EQUINE FIELD SERVICE
G/L: 21859206
54610
Invoice #
75948
PONY VET VISIT
Total invoices ILLINOIS EQUINE FIELD SERVICE
502.89
502.89
ILLINOIS STATE TREASURER
G/L: 10
20140
Invoice #
2871
2015 UNCLAIMED PROPERTY
Total invoices ILLINOIS STATE TREASURER
917.54
917.54
Page 24 of 43
INTERIORS FOR BUSINESS, INC
G/L: 20600001
54370
Invoice #
975841
LOBBY/DANCE LOBBY FURNITURE - PRISCO
Total invoices INTERIORS FOR BUSINESS, INC
14,648.17
14,648.17
INTERNATIONAL MUSEUM OF SURGICAL SCIENCE
G/L: 2011701
54680
Invoice #
11/13 TOUR
FINAL PYMT - 11/13 SENIOR TRIP
Total invoices INTERNATIONAL MUSEUM OF SURGICAL SCIENCE
136.00
136.00
IPRA/AMEX
G/L: 20500000
51610
Invoice #
9779910
PROF DEV SCHOOL - C.KAMP
675.00
G/L: 20500000
51610
Invoice #
9780496
PROF DEV SCHOOL - R.MARTINEZ
675.00
G/L: 10200000
51670
Invoice #
JOB POST-090115
JOB POSTING - DIRECTOR OF RECREATION
82.50
G/L: 20200000
51670
Invoice #
JOB POST-090115
82.50
G/L: 10200000
51670
Invoice #
JOB POST-092315
JOB POSTING - IMRF MEMBER REPRESENTATIVE
82.50
G/L: 20200000
51670
Invoice #
JOB POST-092315
JOB POSTING - IMRF MEMBER REPRESENTATIVE
82.50
Total invoices IPRA/AMEX
1,680.00
ISR CONSULTING, INC
G/L: 10200000
51660
Invoice #
2532
G/L: 20200000
51660
Invoice #
2532
EMPLOYEE HEALTH FAIR - INFLUENZA
INJECTIONS
EMPLOYEE HEALTH FAIR - INFLUENZA
INJECTIONS
Total invoices ISR CONSULTING, INC
462.00
462.00
924.00
J.C. SCHULTZ ENTERPRISE, INC
G/L: 10859100
55990
Invoice #
348613
5X8 USA & POW/MIA FLAGS
194.35
G/L: 20600001
55990
Invoice #
348613
25.03
G/L: 20600002
55990
Invoice #
348613
25.03
G/L: 20600003
55990
Invoice #
348613
25.03
G/L: 21859206
55990
Invoice #
348613
25.03
G/L: 22808123
55990
Invoice #
348613
25.03
G/L: 10859100
55990
Invoice #
348774
PARK DISTRICT FLAGS
297.45
G/L: 20600001
55990
Invoice #
348774
PARK DISTRICT FLAGS
42.50
G/L: 20600002
55990
Invoice #
348774
PARK DISTRICT FLAGS
42.50
G/L: 20600003
55990
Invoice #
348774
PARK DISTRICT FLAGS
42.50
G/L: 21859206
55990
Invoice #
348774
PARK DISTRICT FLAGS
42.50
G/L: 22808123
55990
Invoice #
348774
PARK DISTRICT FLAGS
42.50
Total invoices J.C. SCHULTZ ENTERPRISE, INC
829.45
J.E.M. MORRIS CONSTRUCTION, INC
G/L: 297050
57020
Invoice #
5/7/15
ENVIROLOK BAG INSTALL - RED OAK
3,750.00
G/L: 297050
57020
Invoice #
6/2/15
PARKING SAFETY FENCING - RED OAK
2,300.00
Total invoices J.E.M. MORRIS CONSTRUCTION, INC
6,050.00
Page 25 of 43
J.W. TURF, INC
G/L: 10859300
54230
Invoice #
37399
INTAKE HOSE - UNIT #227
G/L: 10859300
54230
Invoice #
38488
DECK SPINDLE BLADE
G/L: 34850000
57060
Invoice #
44542
LASTEC MODEL 80 MOWER
Total invoices J.W. TURF, INC
102.44
219.50
35,112.00
35,433.94
JACK MEYERS
G/L: 22808123
51640
Invoice #
EXP-10/22/15
Total invoices JACK MEYERS
150.00
150.00
JACOB HENRY MANSION
G/L: 2027601
54680
Invoice #
E07992
DEPOSIT - 4/19 THEATER TRIP
100.00
Total invoices JACOB HENRY MANSION
100.00
JAKES BAGELS & DELI, INC
G/L: 10200000
51660
Invoice #
456333
BAGELS - EMPLOYEE HEALTH FAIR
33.99
G/L: 20200000
51660
Invoice #
456333
BAGELS - EMPLOYEE HEALTH FAIR
33.99
Total invoices JAKES BAGELS & DELI, INC
67.98
SWIM LESSON SKILL CARDS - VAC
360.77
Total invoices JEFF ELLIS & ASSOCIATES INC
360.77
JEFF ELLIS & ASSOCIATES INC
G/L: 2029303
54680
Invoice #
20073740
JEFF ELLIS MANAGEMENT, LLC
G/L: 2029303
53950
Invoice #
2007575
SUMM SESS 4 SWIM COORD FEES - VAC
1,044.10
G/L: 20604603
53090
Invoice #
2007648
OCT MGMT FEE/PAYROLL - VAC AQUATIC
5,833.00
G/L: 20606603
53950
Invoice #
2007648
OCT MGMT FEE/PAYROLL - VAC AQUATIC
31,000.00
Total invoices JEFF ELLIS MANAGEMENT, LLC
37,877.10
JESSE TORRES
G/L: 2035526
53950
Invoice #
OCT 12-OCT 23
BOXING INSTRUCTOR OCT 22
301.00
G/L: 2035526
53950
Invoice #
SEP 28-OCT 8
301.00
Total invoices JESSE TORRES
602.00
JOHN DEERE LANDSCAPES, INC
G/L: 10859300
54230
Invoice #
73239656
PESTICIDE SPRAY GUNS
127.94
G/L: 20859654
54250
Invoice #
73571788
QUICK COUPLERS - STUART
201.49
G/L: 10859131
54130
Invoice #
73581487
STAKES - GOLFVIEW
71.24
G/L: 10859112
54130
Invoice #
73617921
SOD STAPLES
35.00
G/L: 10859131
55990
Invoice #
7361947
SURFACE DRAIN PARTS - COOL ACRES
G/L: 20859654
53460
Invoice #
73619704
4 QUICK COUPLERS - VAC
Total invoices JOHN DEERE LANDSCAPES, INC
78.70
378.10
892.47
Page 26 of 43
JULIE WEALS
G/L: 10859400
54150
Invoice #
EXP-10/30/15
87.96
Total invoices JULIE WEALS
87.96
311.46
Total invoices K-SWISS SALES CORP
311.46
K-SWISS SALES CORP
G/L: 20603203
56010
Invoice #
94428322
KANE COUNTY FARM BUREAU
G/L: 10859100
51650
Invoice #
045-868731A-2015
ANNUAL MEMBERSHIP DUES
Total invoices KANE COUNTY FARM BUREAU
35.00
35.00
KATIE ANDERSON
G/L: 2135705
54680
Invoice #
9/20/15
PRESCHOOL/CAVE PICTURES - RED OAK
200.00
G/L: 2146205
54680
Invoice #
9/20/15
PRESCHOOL/CAVE PICTURES - RED OAK
90.00
Total invoices KATIE ANDERSON
290.00
KELLER'S FARMSTAND INC
G/L: 2016902
54680
Invoice #
OCT 2015
FIELD TRIPS - EOLA PRESCHOOL
Total invoices KELLER'S FARMSTAND INC
1,749.00
1,749.00
KELMSCOTT COMMUNICATIONS
G/L: 21859206
54210
Invoice #
7875
PUMPKIN WEEKEND MAP STICKERS
160.00
Total invoices KELMSCOTT COMMUNICATIONS
160.00
KENDALL COUNTY FENCE
G/L: 10859111
53360
Invoice #
1000
FIX NEIGHBOR’S FENCE DAMAGED
1,000.00
G/L: 10859131
53360
Invoice #
1963
W FENCE REPAIR - COWHERD PARK
1,963.00
G/L: 10859131
53360
Invoice #
980
NORTH FENCE REPAIR - ODDONNELL
Total invoices KENDALL COUNTY FENCE
980.00
3,943.00
KIDS FIRST SPORTS SAFETY, INC
G/L: 2075303
53950
Invoice #
84484
VOLLEYBALL PROGRAM FALL 2015 - VAC
495.60
G/L: 2075303
53950
Invoice #
84488,84489
VOLLDYBALL PROGRAM FALL 2015 - VAC
619.50
G/L: 2075303
53950
Invoice #
84498
BASEBALL PROGRAM FALL 2015 - VAC
330.40
G/L: 2075303
53950
Invoice #
84500
GIRLS SOFTBALL PROGRAM FALL 2015 - VAC
330.40
G/L: 2075303
53950
Invoice #
84503
BASKETBALL PROGRAM FALL 2015 - VAC
206.50
G/L: 2075303
53950
Invoice #
84507
BASKETBALL PROGRAM FALL 2015 - VAC
247.80
Total invoices KIDS FIRST SPORTS SAFETY, INC
2,230.20
KIDWINKS.COM, INC
G/L: 20350000
53720
Invoice #
1100
ONLINE DIRECTORY LISTING
Total invoices KIDWINKS.COM, INC
690.00
690.00
Page 27 of 43
KIEFER SPECIALTY FLOORING, INC
G/L: 20600003
54090
Invoice #
22407-IN
RUBBER FLOOR CHEMICAL - VAC
Total invoices KIEFER SPECIALTY FLOORING, INC
567.26
567.26
KINNALLY/AMEX
G/L: 10100200
53000
Invoice #
219-00-157
SEPT LEGAL SERVICES - RETAINER
3,375.00
G/L: 20100200
53000
Invoice #
219-00-157
2,700.00
G/L: 21100200
53000
Invoice #
219-00-157
337.50
G/L: 22808123
53000
Invoice #
219-00-157
337.50
Total invoices KINNALLY/AMEX
6,750.00
KRISTINE JUDD
G/L: 2016902
54680
Invoice #
EXP-10/5/15
EXPENSE REIMBURSMENT
Total invoices KRISTINE JUDD
7.08
7.08
KYLE DONAHUE
G/L: 2031101
54680
Invoice #
EXP-10/6/15
Total invoices KYLE DONAHUE
90.98
90.98
LAFARGE AGGREGATES ILLINOIS INC
G/L: 10859200
54210
Invoice #
34986180
ROCK GRADE 8 - SIGN SUPPLY
G/L: 297037
57040
Invoice #
34998179
STONE - COLE STORAGE BIN
Total invoices LAFARGE AGGREGATES ILLINOIS INC
35.88
399.14
435.02
LAUREL BAKER
G/L: 10859111
51650
Invoice #
EXP-10/20/15
CDL EXPENSE REIMBURSEMENT
Total invoices LAUREL BAKER
30.00
30.00
Page 28 of 43
LEE AUTO PARTS INC
G/L: 10859300
54230
Invoice #
431-281147
30W STOCK OIL
18.38
G/L: 10859300
54360
Invoice #
431-281539
SHOP SUPPLIES
162.14
G/L: 10859300
54220
Invoice #
431-281850
TRUCK PARTS
G/L: 10859300
54220
Invoice #
431-281852
12V BATTERY - UNIT#178
G/L: 10859300
54230
Invoice #
431-281876
EQUIPMENT PARTS
G/L: 10859300
54230
Invoice #
431-281924
EQUIPMENT PARTS
G/L: 10859300
54220
Invoice #
431-281925
12V BATTERY
117.59
G/L: 10859300
54220
Invoice #
431-281926
TRUCK PARTS
93.08
G/L: 10859300
54230
Invoice #
431-282042
EQUIPMENT PARTS
26.92
G/L: 10859300
54360
Invoice #
431-282221
SHOP SUPPLIES
G/L: 10859300
54220
Invoice #
431-282318
ALUM SIDE STEPS - GRNHS TRUCK
489.90
G/L: 10859300
54220
Invoice #
431-282331
12V BATTERY
111.71
G/L: 10859300
54230
Invoice #
431-282762
EQUIPMENT PARTS
262.38
G/L: 10859300
54230
Invoice #
431-282763
PARTS - UNIT#1514
118.64
G/L: 10859300
54230
Invoice #
431-283195
OIL10W - UNIT #1422
192.39
G/L: 10859300
54360
Invoice #
431-283253
SHOP SUPPLIES
10.37
G/L: 10859300
54230
Invoice #
431-283268
PARTS - UNIT # 1422
91.09
Total invoices LEE AUTO PARTS INC
93.08
109.64
13.51
69.50
88.14
2,068.46
LESLIE'S POOL MART, INC
G/L: 20859203
54560
Invoice #
612-113482
CHEMICAL SUPPLIES - VAC
90.24
G/L: 20859203
54560
Invoice #
612-114204
REAGENTS/MAGNA LATCH - VAC
90.24
G/L: 20859203
54570
Invoice #
612-114204
REAGENTS/MAGNA LATCH - VAC
76.94
Total invoices LESLIE'S POOL MART, INC
257.42
LINDA CHRISTIE
G/L: 2016902
54680
Invoice #
EXP-10/7/15
Total invoices LINDA CHRISTIE
25.10
25.10
MARC SOLOMON
G/L: 2142906
54680
Invoice #
10/10 EVENT
PUMPKIN CARVING - BFARM
Total invoices MARC SOLOMON
200.00
200.00
MARGARET GAZDACKA
G/L: 21604305
56510
Invoice #
EXP-10/4/15
G/L: 21604305
51600
Invoice #
EXP-10/8/15
MILEAGE
Total invoices MARGARET GAZDACKA
96.00
7.48
103.48
MARK JOHNSON
G/L: 22808123
56510
Invoice #
EXP-10/22
Total invoices MARK JOHNSON
70.11
70.11
MARTENSON TURF PRODUCTS, INC
G/L: 10859700
54130
Invoice #
49333
NATURAL AREAS CHEMICALS
Total invoices MARTENSON TURF PRODUCTS, INC
1,155.40
1,155.40
Page 29 of 43
MARTHA L KUGELBERG
G/L: 2048902
53950
Invoice #
104
BUILT FOR LEARNING CLASSES - Eola
Total invoices MARTHA L KUGELBERG
1,020.00
1,020.00
MENARDS - BATAVIA
G/L: 2146205
54680
Invoice #
04190
CREDIT MEMO
G/L: 21859205
54350
Invoice #
4115
TOOLS - RED OAK
G/L: 2146205
54680
Invoice #
4119
PLANTS & LIGHTS - RED OAK
59.94
G/L: 21604305
54680
Invoice #
4119
102.04
G/L: 21604305
55990
Invoice #
4119
11.97
Total invoices MENARDS - BATAVIA
-59.94
19.82
133.83
MENARDS - MONTGOMERY
G/L: 10859131
54250
Invoice #
97839
IRRIGATION PARTS
Total invoices MENARDS - MONTGOMERY
28.46
28.46
MESTAS MUSICALS
G/L: 2027601
54680
Invoice #
12/9-FINAL
FINAL PYMT - 12/9 THEATER TRIP
Total invoices MESTAS MUSICALS
620.00
620.00
MIDWEST COMMERCIAL FITNESS
G/L: 20603103
53440
Invoice #
117873
CYBES BRAVO PAD REPLACEMENT
109.69
G/L: 20603103
53950
Invoice #
117908
REPAIR EQUIPMENT - VAC
157.50
Total invoices MIDWEST COMMERCIAL FITNESS
267.19
MIDWEST GROUNDCOVERS LLC
G/L: 10859400
54150
Invoice #
I484016
HEUCHERELLA - COPLEY 2
G/L: 10859700
54175
Invoice #
I484724
NATURAL AREA PLANTS
Total invoices MIDWEST GROUNDCOVERS LLC
123.75
48.10
171.85
MIDWEST TRADING
G/L: 297050
57020
Invoice #
I408753
PLANT MATERIAL - RED OAK
Total invoices MIDWEST TRADING
40.00
40.00
MINERAL VISIONS, INC
G/L: 20859203
54560
Invoice #
3096699 RI
POOL CHEMICALS
Total invoices MINERAL VISIONS, INC
3,811.20
3,811.20
MOLLY B HANKINS
G/L: 20603102
53950
Invoice #
EOLA-101915
WOT ORIENTATIONS - EOLA
Total invoices MOLLY B HANKINS
24.00
24.00
Page 30 of 43
MONTGOMERY LANDSCAPING INC
G/L: 10859100
54130
Invoice #
7356
PULVERISED TOPSOIL
60.00
G/L: 20859654
54130
Invoice #
7356
PULVERISED TOPSOIL
220.00
G/L: 21859206
54130
Invoice #
7356
PULVERISED TOPSOIL
50.00
G/L: 10859111
54130
Invoice #
7389-4
PULVERISED TOPSOIL
160.00
G/L: 10859131
54130
Invoice #
7389-4
PULVERISED TOPSOIL
320.00
G/L: 20859654
54130
Invoice #
7389-4
PULVERISED TOPSOIL
120.00
Total invoices MONTGOMERY LANDSCAPING INC
930.00
MSI
G/L: 10100200
51670
Invoice #
353
EXECUTIVE DIRECTOR SEARCH
Total invoices MSI
758.45
758.45
MUELLERMIST SERVICE CORPORATION
G/L: 10859111
53460
Invoice #
56417
IRRIGATION REPAIRS - VAC
Total invoices MUELLERMIST SERVICE CORPORATION
425.48
425.48
MUSIC THEATER INT/AMEX
G/L: 2059801
54680
Invoice #
9307723
ROYALTIES - WINTER STAGE SHOW
Total invoices MUSIC THEATER INT/AMEX
1,930.00
1,930.00
NATIONAL SEED
G/L: 10859100
54130
Invoice #
555714SI
SEED - VAUGHAN CENTER
150.00
G/L: 10859100
54130
Invoice #
556338SI
OIL,ELEMENT - TREE STUMPS
443.50
G/L: 10859700
54130
Invoice #
556429SI
CHEMICALS - NATURAL AREAS
252.50
G/L: 20859654
54130
Invoice #
556515SI
FALL SEEDING - STUART SPORTS
Total invoices NATIONAL SEED
30,960.00
31,806.00
NATURE-WATCH
G/L: 2146205
54680
Invoice #
71903A
SKULLS AND FURS - RED OAK
397.95
G/L: 2146205
54680
Invoice #
72119
FURS, SKULLS/BINOCULARS
657.76
G/L: 21604305
54620
Invoice #
72119
FURS, SKULLS/BINOCULARS
64.46
Total invoices NATURE-WATCH
1,120.17
NEDROW DECORATING, INC
G/L: 21859205
53350
Invoice #
15153-1
PAINT,REPAIR - MAPLE,ACORN CLASSROOM
1,100.00
G/L: 21859205
53350
Invoice #
15153-2
PAINT & REPAIRS - RED OAK LOBBY
1,395.00
G/L: 20859202
53350
Invoice #
15184
TOUCH UP PAINTING - EOLA
4,900.00
Total invoices NEDROW DECORATING, INC
7,395.00
Page 31 of 43
NEW ALBERTSONS INC
G/L: 2065824
54680
Invoice #
009553
AFTER SCHOOL COOKING PROGRAM SUPPLIES
G/L: 20600003
56520
Invoice #
014800
COOKIES,CRACKERS - 10TH ANNIVERSARY
G/L: 20600003
56520
Invoice #
015884
SUPPLIES - 10TH ANNIVERSARY EVENT
G/L: 20600003
56520
Invoice #
016549
PROMOTIONAL ITEMS - VAC
G/L: 2065824
54680
Invoice #
026807
AFTER SCHOOL PROGRAMS - COOKING
Total invoices NEW ALBERTSONS INC
48.01
104.83
18.96
258.22
38.14
468.16
NICOR GAS
G/L: 20859203
52000
Invoice #
04074508336-1015
VAC - 9/1-10/1
G/L: 21859206
52000
Invoice #
06835316040-1015
G/L: 20859201
52000
Invoice #
39025210004-1015
PRISCO - 9/1-10/1
173.38
G/L: 20859202
52000
Invoice #
69168900004-1015
EOLA - 9/1-10/1
204.48
G/L: 10859216
52000
Invoice #
77729900009-1015
GREENHOUSE - 9/1-10/1
146.95
G/L: 21859206
52000
Invoice #
81778110007-1015
G/L: 10859231
52000
Invoice #
97642339556-1015
873.57
70.33
82.66
363.48
Total invoices NICOR GAS
1,914.85
NORTH AMERICAN
G/L: 10859131
55990
Invoice #
7692562
PAPER SUPPLIES/GARBAGE BAGS
303.30
G/L: 10859231
54090
Invoice #
7692562
PAPER SUPPLIES/GARBAGE BAGS
326.73
G/L: 20600002
53390
Invoice #
7693402
REPAIR KAIVAC - EOLA
571.78
G/L: 20600002
54090
Invoice #
7699845
608.32
G/L: 20600001
54090
Invoice #
7706852
732.41
G/L: 20600003
54090
Invoice #
7711947
CUSTODIAL/FITNESS/CAFE SUPPLIES
846.50
G/L: 20603103
54680
Invoice #
7711947
754.02
G/L: 20607603
54465
Invoice #
7711947
153.00
G/L: 20600003
53390
Invoice #
7711948
T7 REPAIR - VAC
626.60
G/L: 20600002
54090
Invoice #
7713521
425.93
G/L: 21604306
54090
Invoice #
7713522
CUSTODIAL SUPPLIES - BFARM
587.86
G/L: 20603203
53390
Invoice #
7719596
TENANT SWEEPER REPAIR - VAC
552.40
Total invoices NORTH AMERICAN
6,488.85
NRPA/AMEX
G/L: 10150000
54660
Invoice #
152915
CPSI PLAYGROUND INSPECTION KIT
188.28
G/L: 10200000
51670
Invoice #
2485067
221.50
G/L: 20200000
51670
Invoice #
2485067
221.50
Total invoices NRPA/AMEX
631.28
NUTOYS LEISURE PRODUCTS
G/L: 397031
57010
Invoice #
43565
PLAYGROUND SIGN - AUSTIN PARK
Total invoices NUTOYS LEISURE PRODUCTS
292.00
292.00
OCTAVIO MODESTO
G/L: 2035526
53950
Invoice #
OCT 12-OCT 23
BOXING INSTRUCTOR OCT22
301.00
G/L: 2035526
53950
Invoice #
SEP 28-OCT 8
301.00
Total invoices OCTAVIO MODESTO
602.00
Page 32 of 43
OFFICE DEPOT
G/L: 10150031
54010
Invoice #
1848063363
OFFICE SUPPLIES
53.52
G/L: 20603103
53440
Invoice #
1848933094
SUPPLIES - VAC FITNESS
82.92
G/L: 20600003
54010
Invoice #
1848933095
OFFICE SUPPLIES - VAC
17.98
G/L: 21604306
54620
Invoice #
1849335823
PAPER - BLACKBERRY FARM
G/L: 2137306
54680
Invoice #
1855723688
G/L: 20000000
57090
Invoice #
1855732030
BINDERS, DIVIDERS
39.94
G/L: 20600003
54010
Invoice #
797782973001
INK - VAC AQUATICS
118.76
Total invoices OFFICE DEPOT
7.37
4.29
324.78
PATTEN INDUSTRIES, INC
G/L: 10859200
53590
Invoice #
J1056702
RENTAL - SKID STEER
Total invoices PATTEN INDUSTRIES, INC
1,360.20
1,360.20
PDRMA
G/L: 20600001
56510
Invoice #
SEPT 2015
TRAINING - C.KAMP
Total invoices PDRMA
199.00
199.00
PERFORMANCE FOODSERVICE FOX RIVER
G/L: 2011801
54680
Invoice #
2978131
COFFEE SUPPLIES - FCC
Total invoices PERFORMANCE FOODSERVICE FOX RIVER
334.30
334.30
PESSINA TREE SERVICE, LLC
G/L: 10859811
53960
Invoice #
1812-195
REMOVE ASH TREES - FALKOS PARK
Total invoices PESSINA TREE SERVICE, LLC
6,000.00
6,000.00
PETTY CASH
G/L: 10100100
56510
Invoice #
COLE-10/28
REIMBURSE PETTY CASH - COLE
7.95
G/L: 10150000
51600
Invoice #
COLE-10/28
41.40
G/L: 10150000
51610
Invoice #
COLE-10/28
56.86
G/L: 10150031
54010
Invoice #
COLE-10/28
8.50
G/L: 10859400
54150
Invoice #
COLE-10/28
9.42
G/L: 10859700
51610
Invoice #
COLE-10/28
10.04
G/L: 2038603
54680
Invoice #
VAC-10/15/15
REIMBURSE PETTY CASH - VAC
10.00
G/L: 2054703
54680
Invoice #
VAC-10/15/15
17.90
G/L: 20600003
56520
Invoice #
VAC-10/15/15
43.11
G/L: 20607603
56250
Invoice #
VAC-10/15/15
3.37
Total invoices PETTY CASH
208.55
PIKE SYSTEMS, INC
G/L: 20600001
54230
Invoice #
639681
BATTERIES - PRISCO FLOOR SCRUB
G/L: 20600001
54230
Invoice #
639842
EQUIPMENT PART
89.00
G/L: 20600001
54090
Invoice #
640007
72.54
Total invoices PIKE SYSTEMS, INC
931.60
1,093.14
Page 33 of 43
POMP'S TIRE SERVICE, INC
G/L: 22859323
54220
Invoice #
330063030
PARTS - SQUAD #10
G/L: 10859300
54230
Invoice #
330063138
EQUIPMENT TIRE
Total invoices POMP'S TIRE SERVICE, INC
230.64
19.96
250.60
POSTMASTER
G/L: 20350000
53710
Invoice #
PERMIT263-OCT2015
POSTAGE - WINTER GUIDE
Total invoices POSTMASTER
840.46
840.46
POWER SYSTEMS
G/L: 20603103
53440
Invoice #
8144895
G/L: 2048702
54680
Invoice #
8149931
ADJUSTABLE WALL RACK - MATS
MEDICINE BALLS - EOLA
Total invoices POWER SYSTEMS
87.84
126.98
214.82
POWERDMS, INC
G/L: 22808123
53990
Invoice #
396
ANNUAL RENEWAL - POLICE
Total invoices POWERDMS, INC
2,212.38
2,212.38
PPG ARCHITECTURAL FINISHES
G/L: 21859206
54290
Invoice #
947202007470
G/L: 21859206
54290
Invoice #
947203027870
PAINT,SUPPLIES - BFARM
G/L: 20600003
54290
Invoice #
947203028301
PAINT - VAC
G/L: 20600003
54290
Invoice #
947203028403
PAINT AND SUPPLIES - VAC
G/L: 20600003
54290
Invoice #
947203028434
PAINT SUPPLIES - VAC
23.40
G/L: 20600003
54290
Invoice #
947203028577
PAINT SUPPLIES - VAC
11.67
G/L: 21859206
54290
Invoice #
947203028599
PAINT, SUPPLIES - BLACKBERRY FARM
36.63
G/L: 21859206
54290
Invoice #
947203028655
PAINT SUPPLIES - BLACKBERRY FARM
44.67
G/L: 21859206
54290
Invoice #
947203028737
19.92
G/L: 21859206
54290
Invoice #
947203028838
PAINT - BLACKBERRY FARM
29.06
Total invoices PPG ARCHITECTURAL FINISHES
13.02
103.13
18.14
101.99
401.63
PRESENCE HOSPITALS PRV
G/L: 10200000
51270
Invoice #
1979
EMPLOYEE ASSISTANCE PROGRAM OCT-DEC
618.00
G/L: 10200000
51670
Invoice #
FOVALAUR2-1015
EMPLOYEE HIRING EXPENSE & POST ACCIDENT
237.00
G/L: 10200000
51990
Invoice #
FOVALAUR2-1015
36.50
G/L: 20200000
51670
Invoice #
FOVALAUR2-1015
237.00
G/L: 20200000
51990
Invoice #
FOVALAUR2-1015
36.50
Total invoices PRESENCE HOSPITALS PRV
1,165.00
PRODUCERS CHEMICAL CO
G/L: 20859203
54560
Invoice #
212940
POOL CHEMICALS - VAC
Total invoices PRODUCERS CHEMICAL CO
759.75
759.75
Page 34 of 43
PURCHASE POWER
G/L: 20150000
53710
Invoice #
7237-1015
POSTAGE - POSTAGE MACHINE
Total invoices PURCHASE POWER
500.00
500.00
QUAD COUNTY URBAN LEAGUE
G/L: 10100100
56510
Invoice #
GALA2015
ANNUAL EQUALITY GALA 2015
Total invoices QUAD COUNTY URBAN LEAGUE
2,000.00
2,000.00
QUICK SIGNS INC
G/L: 2134705
54680
Invoice #
15306
SIGNS - BUG FEST
542.70
G/L: 21859206
54210
Invoice #
15410
PUMPKIN WEEKEND SIGNS
346.80
Total invoices QUICK SIGNS INC
889.50
R. J. O'NEIL, INC
G/L: 20859202
53355
Invoice #
102073
BELT AND FILTER PM - EOLA
G/L: 20859654
53460
Invoice #
102120
IRRIGATION PUMP PIPING REPAIRS
G/L: 20859203
53350
Invoice #
102151
HVAC REPAIR - VAC
G/L: 20859203
53350
Invoice #
102218
HVAC REPAIR - VAC
G/L: 20859203
53350
Invoice #
102242
PLUMBING REPAIRS - VAC
1,020.03
G/L: 297082
57020
Invoice #
102295
INNOVENT REPAIRS - VAC
44,976.00
Total invoices R. J. O'NEIL, INC
1,100.00
696.24
1,462.58
615.00
49,869.85
RANDY CAHO
G/L: 22300023
52030
Invoice #
EXP-10/30
MAY-OCT CELL PHONE REIMBURSEMENT
Total invoices RANDY CAHO
300.00
300.00
RANDY'S VEGETABLES
G/L: 2142906
54680
Invoice #
7283
4 BINS OF PUMPKINS TO SELL - BFARM
800.00
G/L: 2142906
54680
Invoice #
7287
PUMPKINS - BFARM PUMPKIN PATCH
400.00
G/L: 2142906
54680
Invoice #
7288
PUMPKINS - PUMPKIN PATCH
450.00
Total invoices RANDY'S VEGETABLES
1,650.00
REINDERS, INC
G/L: 10859300
54230
Invoice #
1607822-00
EQUIPMENT PARTS
G/L: 10859300
54230
Invoice #
1609133-00
CENTER DECK SPINDLE - UNIT #19
558.53
G/L: 10859300
54230
Invoice #
1610299-00
PARTS - UNIT#191
131.80
G/L: 10859300
54230
Invoice #
4037137-02
ELECTRIC BED LIFT - TORO WORKMAN
576.33
G/L: 34850000
57060
Invoice #
4037143-02
ELECTRIC BED LIFT - TORA WORKMAN
488.00
G/L: 10859300
54230
Invoice #
4037872-00
EQUIPMENT PARTS - UNIT #239
140.24
G/L: 10859300
54230
Invoice #
4037872-01
PARTS - UNIT #239
G/L: 10859300
53390
Invoice #
4037950-00
REPAIR - UNIT #163
G/L: 10859300
53390
Invoice #
4038596-00
SERVICE - UNIT #190
Total invoices REINDERS, INC
55.01
37.36
4,063.93
260.00
6,311.20
Page 35 of 43
REPUBLIC SERVICES/AMEX
G/L: 10859200
53790
Invoice #
551-011816787
SEPT REFUSE REMOVAL
968.00
G/L: 10859231
53790
Invoice #
551-011816787
SEPT REFUSE REMOVAL
214.00
G/L: 20859201
53790
Invoice #
551-011816787
SEPT REFUSE REMOVAL
193.00
G/L: 20859202
53790
Invoice #
551-011816787
SEPT REFUSE REMOVAL
362.00
G/L: 20859203
53790
Invoice #
551-011816787
SEPT REFUSE REMOVAL
202.00
G/L: 20859226
53790
Invoice #
551-011816787
SEPT REFUSE REMOVAL
20.00
G/L: 21859205
53790
Invoice #
551-011816787
SEPT REFUSE REMOVAL
12.00
G/L: 21859206
53790
Invoice #
551-011816787
SEPT REFUSE REMOVAL
675.58
G/L: 22808123
53790
Invoice #
551-011816787
SEPT REFUSE REMOVAL
12.00
Total invoices REPUBLIC SERVICES/AMEX
2,658.58
REULAND FOOD SERVICE
G/L: 21604306
56020
Invoice #
27993
COKE PRODUCT - GIFT SHOP MERCHANDISE
160.02
G/L: 21604306
56020
Invoice #
28000
COKE PRODUCT - GIFT SHOP MERCHANDISE
129.09
G/L: 2154706
54680
Invoice #
28071
BBF BIRTHDAY PARTY FOOD
163.84
G/L: 2154706
54680
Invoice #
28087
BIRTHDAY FOOD - BFARM
224.00
Total invoices REULAND FOOD SERVICE
676.95
RICK WOSTRATZKY
G/L: 2015402
53950
Invoice #
SEPT 2015
ADULT SOFTBALL LEAGUE UMPIRES
2,812.00
G/L: 2032502
53950
Invoice #
SEPT 2015
ADULT SOFTBALL LEAGUE UMPIRES
444.00
Total invoices RICK WOSTRATZKY
3,256.00
ROB PETERS
G/L: 10100200
51670
Invoice #
EXP-10/8/15
EXECUTIVE DIRECTOR SEARCH
Total invoices ROB PETERS
479.97
479.97
ROGER'S FLOORING
G/L: 20600002
53350
Invoice #
CG501866-FINAL
TILE WORK - EOLA
Total invoices ROGER'S FLOORING
481.00
481.00
ROSS MECHANICAL GROUP, INC
G/L: 21859206
53350
Invoice #
151153
PLUMBING REPAIRS - BFARM
970.00
G/L: 21859206
53350
Invoice #
151205
PLUMBING REPAIR - BFARM
495.50
Total invoices ROSS MECHANICAL GROUP, INC
1,465.50
Page 36 of 43
RUNCO OFFICE SUPPLY
G/L: 21604305
54010
Invoice #
626896-0
OFFICE SUPPLIES - RED OAK
G/L: 20600001
54010
Invoice #
626911-0
OFFICE SUPPIES - PRISCO
G/L: 21604305
54010
Invoice #
627425-0
OFFICE SUPPLIES
73.93
G/L: 21604305
56510
Invoice #
627425-0
OFFICE SUPPLIES
54.96
G/L: 2135705
54680
Invoice #
628280-0
RED OAK SUPPLIES
10.89
G/L: 2146205
54680
Invoice #
628280-0
RED OAK SUPPLIES
24.74
G/L: 21604305
54010
Invoice #
628280-0
RED OAK SUPPLIES
44.48
G/L: 21859205
55990
Invoice #
628280-1
3" LETTERS - RED OAK
G/L: 20600001
54010
Invoice #
628286-0
OFFICE SUPPLIES - PRISCO
G/L: 21604305
54010
Invoice #
628609-0
OFFICE SUPPLIES - RED OAK
G/L: 20600001
54010
Invoice #
628956-0
OFFICE SUPPLIES - PRISCO
Total invoices RUNCO OFFICE SUPPLY
49.09
154.52
5.31
106.02
66.15
9.14
599.23
RUSSO'S POWER EQUIPMENT INC
G/L: 10859300
54230
Invoice #
2684847
PARTS - CHAIN SAW
92.60
G/L: 10859700
54340
Invoice #
2702701
TOOLS - NATURAL AREAS
90.99
G/L: 10859700
54350
Invoice #
2702701
TOOLS - NATURAL AREAS
339.83
G/L: 10859300
54230
Invoice #
2705453
EQUIPMENT PARTS
G/L: 10859811
54160
Invoice #
2722229
CHAINS & BARS - CHAINSAWS
G/L: 10859131
54350
Invoice #
2725069
40" REACHER
Total invoices RUSSO'S POWER EQUIPMENT INC
9.43
296.04
21.99
850.88
RYAN T MCLAUGHLIN
G/L: 2049126
53950
Invoice #
SEPT 2015
STRENGTH & CONDITIONING - COPLEY
Total invoices RYAN T MCLAUGHLIN
104.00
104.00
SAM'S CLUB DIRECT
G/L: 20607603
56250
Invoice #
2781
FOOD PURCHASE- VAC CAFE
218.28
G/L: 2016902
54680
Invoice #
3349
SUPPLIES - EOLA PRESCHOOL
111.37
G/L: 20607603
54465
Invoice #
7289
FOOD PURCHASE/SUPPLIES - VAC CAFE
8.16
G/L: 20607603
56250
Invoice #
7289
FOOD PURCHASE/SUPPLIES - VAC CAFE
220.28
G/L: 20600003
56520
Invoice #
0165
G/L: 2054703
54680
Invoice #
0166
BDAY/CAFE SUPPLIES
8.98
G/L: 20607603
54465
Invoice #
0166
BDAY/CAFE SUPPLIES
54.57
G/L: 20607603
56250
Invoice #
0166
BDAY/CAFE SUPPLIES
G/L: 20607603
56250
Invoice #
4759
CREDIT MEMO
G/L: 20607603
56250
Invoice #
4760
G/L: 20600001
54370
Invoice #
5584
TABLE - PRISCO
G/L: 20600001
54370
Invoice #
5586
CREDIT MEMO
G/L: 20600001
54370
Invoice #
5587
TABLE - PRISCO
44.98
G/L: 10150000
51650
Invoice #
999999-092115
ANNUAL MEMBERSHIP
45.00
G/L: 20350000
51650
Invoice #
999999-092115
ANNUAL MEMBERSHIP
15.00
G/L: 20500000
51650
Invoice #
999999-092115
ANNUAL MEMBERSHIP
135.00
G/L: 21604305
51650
Invoice #
999999-092115
ANNUAL MEMBERSHIP
15.00
G/L: 21604306
51650
Invoice #
999999-092115
ANNUAL MEMBERSHIP
45.00
Total invoices SAM'S CLUB DIRECT
75.98
252.63
-218.28
212.73
48.69
-48.69
1,244.68
Page 37 of 43
SANDRA GRAU
G/L: 2016902
54680
Invoice #
EXP-10/29/15
13.98
G/L: 2016902
54680
Invoice #
EXP-9/30/15
9.99
Total invoices SANDRA GRAU
23.97
SCHAEFER GREENHOUSES, INC
G/L: 10100100
56510
Invoice #
449534/1
GET WELL SOON FLOWERS
Total invoices SCHAEFER GREENHOUSES, INC
59.95
59.95
SCHINDLER ELEVATOR CORPORATION
G/L: 20859203
53350
Invoice #
7152218063
ELEVATOR SERVICE CALL - VAC
Total invoices SCHINDLER ELEVATOR CORPORATION
809.49
809.49
SECRETARY OF STATE
G/L: 22808123
51650
Invoice #
NOTARY BOND-GC
NOTARY BOND - G.CORTEZ
10.00
G/L: 22808123
51650
Invoice #
NOTARY BOND-JC
NOTARY BOND - J.CHRISTENSON
10.00
G/L: 22808123
51650
Invoice #
NOTARY BOND-LS
NOTARY BOND - L.STEFANSKI
10.00
Total invoices SECRETARY OF STATE
30.00
SERVICEMASTER OF AURORA
G/L: 10859231
53350
Invoice #
120322
CARPET EXTRACTION - COLE
Total invoices SERVICEMASTER OF AURORA
250.00
250.00
SHARON M KRAJACIC
G/L: 2016902
54680
Invoice #
EXP-10/8/15
Total invoices SHARON M KRAJACIC
67.11
67.11
SNI COMPANIES
G/L: 10150000
53100
Invoice #
179336
PROF SERVICES - COLE THROUGH 10/18
294.24
G/L: 20150000
53100
Invoice #
179336
PROF SERVICES - COLE THROUGH 10/18
294.24
Total invoices SNI COMPANIES
588.48
852.12
Total invoices SP TENNIS LLC
852.12
SP TENNIS LLC
G/L: 20603203
56010
Invoice #
132340
SPRING-GREEN LAWN CARE
G/L: 10859112
53810
Invoice #
5042079
LATE SUMM ENHANCER/TURF APP - EOLA
167.00
G/L: 10859111
53810
Invoice #
5042121
LATE SUMM ENHANCER/TURF APP VAC
216.00
G/L: 10859131
53810
Invoice #
5042217
LATE SUMM ENHANCER/TURF APP - PRISCO
116.00
G/L: 20859625
53810
Invoice #
5042262
LATE SUMM ENHANCER/TURF APP - RIOS PK
320.00
G/L: 20859625
53810
Invoice #
5042292
LATE SUMM ENHANCER/TURF APP - NEW HAVEN
631.00
G/L: 20859625
53810
Invoice #
5042323
LATE SUMM ENHANCER/TURF APP - HOSCHEIT PK
616.00
Total invoices SPRING-GREEN LAWN CARE
2,066.00
Page 38 of 43
SUSAN BEITLER
G/L: 2016902
54680
Invoice #
EXP-10/21/15
Total invoices SUSAN BEITLER
6.00
6.00
SUSAN T LAZZARA
G/L: 2016902
54680
Invoice #
EXP-10/26/15
19.97
Total invoices SUSAN T LAZZARA
19.97
TAIL ACTIVEWEAR
G/L: 20603203
56010
Invoice #
751667
113.30
G/L: 20603203
56010
Invoice #
751691
47.82
Total invoices TAIL ACTIVEWEAR
161.12
ADA DOOR OPENER TO EXIT POOL
1,874.00
Total invoices TEE JAY SERVICE COMPANY, INC
1,874.00
TEE JAY SERVICE COMPANY, INC
G/L: 25000000
53375
Invoice #
130810
TELASSIST
G/L: 10859200
53990
Invoice #
107500773101
ANSWERING SERVICE
43.75
G/L: 22808123
53990
Invoice #
107500773101
ANSWERING SERVICE
43.75
Total invoices TELASSIST
87.50
THE GREAT BOODINI
G/L: 2137406
53950
Invoice #
10/17 EVENT
MAGICIAN - 10/17 ALL HALLOW'S EVE
Total invoices THE GREAT BOODINI
400.00
400.00
THE RENTAL PLACE, INC
G/L: 21604306
53950
Invoice #
18869-2
EQUIPMENT RENTAL
Total invoices THE RENTAL PLACE, INC
358.88
358.88
THE TEA LADIES INC
G/L: 2137406
53950
Invoice #
1/30-DEPOSIT
DEPOSIT - UPSTAIRS DOWNSTAIRS
Total invoices THE TEA LADIES INC
50.00
50.00
TIMEOUT SERVICES LLC
G/L: 20859654
57070
Invoice #
1629
SCOREBOARDS - STUART SOUTH BALL
DIAMONDS
Total invoices TIMEOUT SERVICES LLC
18,450.00
18,450.00
TIMOTHY L JOHNSON
G/L: 20603103
53950
Invoice #
VAC-10/01/15
PERSONAL TRAINING 10-16-15
Total invoices TIMOTHY L JOHNSON
978.87
978.87
Page 39 of 43
TITLE BOXING
G/L: 20603103
53950
Invoice #
P060413501022
SPEED BAGS - CVAC
Total invoices TITLE BOXING
49.98
49.98
TROY WALZAK
G/L: 2015501
53950
Invoice #
2015-FVPD-P-2
KUNG FU FOR KIDS-77623
367.50
G/L: 2015501
53950
Invoice #
2015-FVPD-P-3
367.50
G/L: 2015501
53950
Invoice #
2015-FVPD-P-6
290.50
Total invoices TROY WALZAK
1,025.50
TRUGREEN LIMITED PARTNERSHIP
G/L: 10859100
53810
Invoice #
38432532
VEGETATION CONTROL - STUART SPORTS
Total invoices TRUGREEN LIMITED PARTNERSHIP
396.00
396.00
UNIQUE PRODUCTS
G/L: 20600003
54230
Invoice #
301987B
KAIVAC PARTS - VAC
140.40
G/L: 20600003
54090
Invoice #
302650
CUSTDODIAL SUPP/BLDNG FIXTURES
483.32
G/L: 20600003
54370
Invoice #
302650
CUSTDODIAL SUPP/BLDNG FIXTURES
559.92
Total invoices UNIQUE PRODUCTS
1,183.64
UNIVAR USA INC
G/L: 20859203
54560
Invoice #
CH841989
201.62
G/L: 20859203
54560
Invoice #
CH843406
201.62
G/L: 20859203
54560
Invoice #
CH844879
201.62
G/L: 20859203
54560
Invoice #
CH844963
341.26
G/L: 20859203
54560
Invoice #
CH846034
201.62
Total invoices UNIVAR USA INC
1,147.74
UPPER CRUST CATERING INC
G/L: 2026301
54680
Invoice #
10/15 CAFE
CAFE CATERER - 10/15 FCC
Total invoices UPPER CRUST CATERING INC
150.00
150.00
V3 CONSTRUCTION GROUP LTD
G/L: 10859700
53870
Invoice #
2015 MAINT-3
PAYOUT #3 - NATURAL AREA MAINTENANCE
Total invoices V3 CONSTRUCTION GROUP LTD
6,623.00
6,623.00
VALLEY LINEN SUPPLY
G/L: 20600002
53820
Invoice #
76552
LINEN SERVICE - EOLA
G/L: 20600002
53820
Invoice #
77372
MASSAGE TOWELS - EOLA
Total invoices VALLEY LINEN SUPPLY
83.19
208.58
291.77
Page 40 of 43
VALPAK OF CHICAGOLAND
G/L: 21350006
53720
Invoice #
171739
HOLIDAY INSERTION
564.00
G/L: 21350006
53720
Invoice #
173032
MAILER - BFARM
564.00
Total invoices VALPAK OF CHICAGOLAND
1,128.00
VAN'S LOCK & KEY
G/L: 20600001
53470
Invoice #
53765
REPAIR SAFE - PRISCO
Total invoices VAN'S LOCK & KEY
68.00
68.00
VERIZON WIRELESS
G/L: 10859200
52030
Invoice #
9751627074
CELL PHONE SERVICE 8/3 - 9/2
G/L: 10300000
52030
Invoice #
9753077641
CELL PHONE/POLICE BROADBAND
124.42
G/L: 2014425
54680
Invoice #
9753077641
6.45
G/L: 20300000
52030
Invoice #
9753077641
119.22
G/L: 22808123
53840
Invoice #
9753077641
G/L: 10859200
52030
Invoice #
9753272214
CELL PHONE SERVICE 9/3 - 10/2
G/L: 20300000
52030
Invoice #
9753372188
TEXT LINE
Total invoices VERIZON WIRELESS
1,711.05
285.70
1,441.90
79.45
3,768.19
VESCO REPROGRAPHIC
G/L: 10250000
54010
Invoice #
38854
DRAFTING STRIPS
G/L: 10250000
54000
Invoice #
75214
PRINTS - LINCOLN PARK
10.00
G/L: 10250000
54000
Invoice #
75223
COLOR SCAN
10.00
G/L: 18150000
53100
Invoice #
75254
COLOR SCAN - CANTBURY PARK
15.00
G/L: 10250000
54000
Invoice #
75262
COLOR SCAN - LINCOLN PARK
10.00
G/L: 18150000
53100
Invoice #
75375
PRINTS- CANTERBURY PARK
11.00
Total invoices VESCO REPROGRAPHIC
8.95
64.95
VILLAGE OF NORTH AURORA
G/L: 10859225
52020
Invoice #
005237-000-1015
NA RESTROOMS - 8/1-9/30
32.65
G/L: 10859225
52020
Invoice #
005691-000-1015
COOL ACRES - 8/1-9/30
40.45
G/L: 20859225
52020
Invoice #
010799-000-1015
JEWEL BALLFIELDS - 8/1-9/30
16.00
Total invoices VILLAGE OF NORTH AURORA
89.10
VISION INTEGRATED GRAPHICS GROUP
G/L: 20350000
56520
Invoice #
474233
POCKET FOLDERS
G/L: 10350000
56520
Invoice #
474234
10-YEAR POSTCARDS - VAUGHAN
Total invoices VISION INTEGRATED GRAPHICS GROUP
1,739.00
636.45
2,375.45
Page 41 of 43
WAL-MART COMMUNITY
G/L: 2035602
56520
Invoice #
6872
GIFT CARDS - FANTASY FITNESS CHALLENGE
75.00
G/L: 21604306
54620
Invoice #
00461
CHRISTMAS EXHIBIT SUPPLIES
50.21
G/L: 2016901
54680
Invoice #
01691
13.46
G/L: 2016901
54680
Invoice #
0181
PRESCHOOL SUPPLIES - PRISCO
29.23
G/L: 2137306
54680
Invoice #
02731
5.98
G/L: 2137406
54680
Invoice #
02731
10.52
G/L: 2142906
54680
Invoice #
02731
5.94
G/L: 20603103
56520
Invoice #
03605
94.70
G/L: 2135705
54680
Invoice #
04046
RED OAK SUPPLIES
11.92
G/L: 2146205
54680
Invoice #
04046
RED OAK SUPPLIES
G/L: 2137406
54680
Invoice #
04254
14.11
G/L: 20600003
56520
Invoice #
05571
31.64
G/L: 2063801
54680
Invoice #
05651
COOKING CLASS SUPPLIES - EOLA
39.56
G/L: 2016901
54680
Invoice #
06019
PRESCHOOL/COOKING CLASS SUPPLIES - EOLA
5.96
G/L: 2063801
54680
Invoice #
06019
PRESCHOOL/COOKING CLASS SUPPLIES - EOLA
1.58
G/L: 2127106
54680
Invoice #
06028
BLACKBERRY FARM SUPPLIES
12.22
G/L: 2142906
54680
Invoice #
06028
BLACKBERRY FARM SUPPLIES
34.64
G/L: 2029902
54680
Invoice #
06121
80.76
G/L: 2135705
54680
Invoice #
06400
RED OAK SUPPLIES
1.88
G/L: 2146205
54680
Invoice #
06400
RED OAK SUPPLIES
19.12
G/L: 21859205
54610
Invoice #
06400
RED OAK SUPPLIES
G/L: 2050502
54680
Invoice #
06874
41.31
G/L: 21604306
54010
Invoice #
07437
OFFICE SUPPLIES - BLACKBERRY FARM
13.00
G/L: 2142906
54680
Invoice #
07629
44.69
G/L: 2121405
54680
Invoice #
09304
RED OAK SUPPLIES
24.64
G/L: 21859205
54100
Invoice #
09304
RED OAK SUPPLIES
11.61
G/L: 21859205
54610
Invoice #
09304
RED OAK SUPPLIES
18.60
G/L: 10859400
54150
Invoice #
09769
HORTICULTURAL/PUMPKIN WEEKEND SUPPLIES
25.39
G/L: 2142906
54680
Invoice #
09769
HORTICULTURAL/PUMPKIN WEEKEND SUPPLIES
13.44
G/L: 10859700
54130
Invoice #
09770
SUPPLIES - NATURAL AREAS
54.36
G/L: 2137406
54680
Invoice #
5850
26.93
G/L: 2146205
54680
Invoice #
5989
RED OAK SUPPLIES
47.58
G/L: 21604305
56510
Invoice #
5989
RED OAK SUPPLIES
15.00
G/L: 21859205
54610
Invoice #
5989
RED OAK SUPPLIES
17.20
Total invoices WAL-MART COMMUNITY
7.12
4.97
904.27
WEISSMAN/AMEX
G/L: 2018101
54680
Invoice #
13450848
SOLO COSTUME
Total invoices WEISSMAN/AMEX
51.65
51.65
WILD GOOSE CHASE, INC
G/L: 10859700
53990
Invoice #
23873
WILDLIFE MANAGEMENT
Total invoices WILD GOOSE CHASE, INC
450.00
450.00
WILLS BURKE KELSEY ASSOC.,LTD
G/L: 20859625
53200
Invoice #
15727
ENG SERVICES AS-BUILTS - RIVER ST PARK
Total invoices WILLS BURKE KELSEY ASSOC.,LTD
4,000.00
4,000.00
Page 42 of 43
WILSON SPORTING GOODS
G/L: 20603203
56010
Invoice #
4518627888
86.85
Total invoices WILSON SPORTING GOODS
86.85
WINSTON CONTRACT
G/L: 20859203
54580
Invoice #
533775
SEATING - VAC AQUATICS AREA
Total invoices WINSTON CONTRACT
1,137.58
1,137.58
WINZER CORPORATION
G/L: 20600003
54270
Invoice #
5439711
DRAIN MAINTENANCE CHEMICAL
Total invoices WINZER CORPORATION
421.33
421.33
WM. F. MEYER COMPANY
G/L: 20600001
54270
Invoice #
S2999796.001
PLUMBING PARTS - PRISCO
Total invoices WM. F. MEYER COMPANY
57.52
57.52
YORKVILLE HILL LANDSCAPING, INC
G/L: 297091
57020
Invoice #
15926
LANDSCAPE WORK - PRISCO
Total invoices YORKVILLE HILL LANDSCAPING, INC
1,994.27
1,994.27
YOUNG REMBRANDTS
G/L: 2060402
53950
Invoice #
644
YOUNG REMBRANDTS CLASSES - EOLA
240.00
G/L: 2060402
53950
Invoice #
645
YOUNG REMBRANDTS CLASSES - EOLA
390.00
Total invoices YOUNG REMBRANDTS
TOTAL INVOICES
630.00
$9,218,603.89
Page 43 of 43
5.3
Financial Statement Summary Narrative
September 2015
Fund 100 - Corporate Fund
For the month of September, the Corporate Fund received $2,681,048 in Property Taxes, $4,744
in investment income and $10,313 in Rental Income. Expenses for the month include $5,794 for
electric at the Cole Center, $5,634 for vehicle repairs and maintenance, $6,066 for maintenance
and repairs to maintenance equipment, $19,682 for contracted natural area management, $12,927
for gasoline, $5,699 for turf care and landscape supplies, $10,404 for playground fiber, $9,016
for maintenance equipment parts and supplies, $8,241 for 16 replacement computers and
$1,870,622 for a budged transfer out to other funds. Year-to-date non-tax revenues are 2.6%
favorable to last year at this time and expenses are 12.6% unfavorable to last year at this time
and in line with the budget.
Fund 101 - Liability Fund
During September, the Liability Fund received $150,704 in Property Taxes. No expenses were
recorded for the month.
Fund 105 - Orchard Valley Golf Course
Since 2010, the Billy Casper Golf Management Company (BCG) took over the management of
the Orchard Valley Golf Course and Restaurant. We will not be recording their monthly financial
information on our computer system, except for the capital improvements and licenses
agreement fees and other revenues as outlined in the agreement. We received the third annual
license fee payment from BCG for this fiscal year of $56,667. Expenses for the month include
$5,427 for architectural fees, $40,000 for bunker renovations and $40,000 for equipment lease.
Fund 107 - Aquatics
The outdoor pools were scheduled to open for the season on May 30, 2015 and closed on Labor
Day. For the month of September, this fund received $30,097 for Fees and Memberships which
is overall favorable by 6.9% for the end of the season compared to last year and $2,544 for
Program revenue fees. Expenses include $6,972 for electric at Splash Country, $33,435 for water
charges at Splash Country, $15,337 for design consulting fees for both facilities, $11,555 for
emergency leak repairs at Splash Country and $12,904 for plumbing, pump and HVAC repairs at
Phillips Park.
Fund 108 – 2008A Referendum G.O. Bonds
This fund tracks capital projects that are funded from our 2008 Referendum. For the month of
September this fund expenses include $11,800 for demolition charges at Reckinger Road,
$28,234 for the Palmer Park project, $115,107 for site restoration at Copley Boxing Club and
$7,699 for the Randall Highland project.
Fund 109 – Fox Bend Golf Course Proceeds
During the month of September this fund received $1,174 in investment income. No expenses
were recorded for the month. The April 30, 2015 fund balance is $1,116,764. Based on
September year-to-date financial activity, the available balance for future projects is $1,119,240.
Fund 200 - Recreation Fund
For the month of September, the Recreation Fund had Fees and Memberships of $324,984 and
Program Revenues of $461,983. Last September, revenues for these categories were $345,093
and $481,198, respectively. Other September revenues include $1,482,741 in Property Taxes,
$53,736 in Rental Income, $3,481 in VAC Café sales, $6,373 in Tennis Pro Shop Sales and
$9,374 in investment income. Expenses during September include $9,103 for two months of
electric at Prisco, $20,513 for two months at Eola and $59,463 for two months at the VAC,
$5,461 for water charges at Eola, $5,833 for Jeff Ellis Management services, $16,992 in
custodial services for Eola and $8,187 for the VAC, $6,352 for HVAC repairs and a sauna heater
at Eola, $9,839 for maintenance and repairs at the VAC, $10,800 for postage related to the
activity guide mailing, $9,829 in credit card fees, $31,000 for Jeff Ellis contracted labor at the
VAC, $5,248 for wildlife management services, $11,987 for turf care and landscape supplies at
Stuart Sports Complex, $13,589 for the first installment of the recreation software, $9,614 for
replacement computers, $60,170 for painting at VAC aquatics and $325,000 in budgeted
transfers in and out from and to other funds. Year-to-date non-tax revenues are 1.1% unfavorable
compared to last year at this time and expenses are 13% favorable to last year at this time.
Fund 201 - Museum Fund
For the month of September, revenues for this fund included $339,612 for Property Taxes,
$4,699 in Rental Income and $4,077 in Merchandise sales. Other revenues include Fees and
Pass Sales of $51,516 and Program Revenues of $13,440. Last September, revenues for these
categories were $46,917 and $11,383 respectively. Expenses for the month of September
include $2,497for repairs to the pony ring at Blackberry Farm, $2,872 for animal food and
supplies at Blackberry Farm, $5,841 for gift shop purchases and $110,000 in transfers out to
other funds. Year-to-date non-tax revenues are 12.3% favorable to last year at this time and
expenses are 22.6% favorable to last year at this time.
Fund 202 - Police and Security Fund
For the month of September, revenues for this fund included $352,035 in Property Taxes and
$46,900 for the last installment of the intergovernmental policing agreement with the City of
Aurora. Expenses included $1,638 primarily for HVAC repairs at the police facility, $1,738 for
contracted armored services, $1,705 for gasoline and $18,000 for transfers out to other funds.
Year-to-date non-tax revenues are 15.4% unfavorable to last year at this time and expenses are
slightly favorable to last year at this time.
Fund 203 – Communities in Schools
This fund is used as a pass through account for grant distribution for Communities in Schools.
Fund 205 - Fox Valley Special Recreation
For the month of September, revenues for this fund included $419,928 in Property Taxes.
Expenses for the month include $20,565 primarily for ADA enhancements at Lincoln Park,
$5,972 for inclusion fees and $309,372 for the annual membership contribution.
Fund 206 - Illinois Municipal Retirement Fund
Expenses include IMRF costs for payroll of $53,986 which is net of the contributions from the
aquatic centers to cover their portion of IMRF expense.
Fund 207 - Social Security Fund
Expenses include FICA costs for payroll of $47,074 which is net of the contributions from the
aquatic centers to cover their portion of IMRF expense.
Fund 208 - Audit Fund
For the month of September, revenues for this fund included $14,124 in Property Taxes and
expenses include $4,500 for auditing services.
Fund 209 – Facility Improvement/Replacement Fund
This fund was created to set aside funding for future capital improvements, renovations and
replacement of the District’s recreation facilities and operations. For the month of September,
this fund received $1,684 in investment income. Expenses include $10,490 for the Eola trellis
and indoor railing design.
Fund 301 - Land Cash Fund
During the month of September no significant activity was recorded.
Fund 304 - Equipment & Vehicle Replacement
This fund has been created to use in the future as a source of funding for the replacement of
vehicles and equipment. The source of revenues for this fund comes from the sale of surplus
fixed assets and Transfers In from operating funds that use vehicles and equipment to be
purchased from this fund in the future. For the month of September this fund received $4,400 for
sale of assets and $128,000 from transfers in from other funds. Expenses for the month of
September include $39,000 for a Toro mower.
Fund 305 - Land Acquisition Fund
This fund has been created to use in the future as a source of funding for acquiring land. The
source of revenues from this fund comes from fees received for easements. Any land acquisitions
for this year are budgeted in the 2008 Referendum Fund. During the month of September no
significant activity was recorded.
Fund 309 – 2010 G.O. Bonds
This fund tracks the bond proceeds from the September 2009 Build America Bond issue and the
associated capital projects this issuance funds. For the month of September expenses include
$49,986 for the Birmingham Park project.
Fund 400 - Debt Service Fund
This fund records all debt payments of the park district. For the month of September, revenues
for this fund include $3,256,262 in Property Taxes and transfers in of $1,970,622 for debt
abatement from the corporate fund. No expenses were recorded in this month.
Funds 600 - Employee Benefit Fund
The Employee Benefit Fund is the fund where all activity for the district’s partially self-funded
health plan is recorded for active employees. The fund balance ending August 31, 2015 is
($175,793) which indicates a deficit fund balance. For this year to date period, this fund has
revenues in excess of expenses of $72,327.
Funds 601 – Other Post Employment Benefit Fund (OPEB)
The OPEB Fund is the fund where all activity for the district’s partially self-funded health plan is
recorded for retirees. The fund balance ending August 31, 2015 is $775,135. For this year to
date period, this fund has revenues in excess of expenses of $211,061 which includes a transfer
in from other funds.
Statement of Revenues and Expenses
Period Ending September 2015
Corporate
YTD Variance
CY to PY
Favorable (Unfav)
Current
Month
Current
Year-to-Date
Prior
Year Month
2,681,048
6,089,721
2,511,306
5,607,505
482,216
6,330,758
0
252,716
0
216,971
35,745
650,000
2,681,048
6,342,437
2,511,306
5,824,476
517,961
6,980,758
10,313
74,539
10,825
77,659
(3,121)
Investment Income
5,474
11,386
(3,430)
(6,056)
17,442
Intergovernmental
0
83,953
4,797
127,083
(43,130)
201,818
3,037
26,132
8,007
20,693
5,439
22,864
325
4,385
2,115
5,170
0
0
0
0
0
2,500
2,700,197
6,542,832
2,533,619
6,049,025
493,807
7,349,836
154,625
755,607
155,048
820,122
64,515
2,055,473
38,313
265,543
50,412
306,522
40,979
528,760
192,939
1,021,150
205,460
1,126,644
105,493
2,584,233
Employee Benefits
74,518
285,134
61,560
290,424
5,290
866,230
Other Employee Exp
13,640
48,962
6,684
41,239
(7,723)
139,527
Utilities
17,081
63,071
16,333
61,089
(1,982)
175,310
Prior
Year-to-Date
Annual Budget
Revenue
Taxes
Property Taxes
Corporate Replacement Taxes
Total Taxes
Rental Income
Misc. Receipts
Program Revenues
Other Finan. Sources
Total Revenue
(785)
124,396
5,000
12,500
Expense
Salaries And Wages
Full-Time Employees
Part-Time Labor
Total Salaries And Wages
1
Corporate
Current
Month
Current
Year-to-Date
Prior
Year Month
Prior
Year-to-Date
YTD Variance
CY to PY
Favorable (Unfav)
Annual Budget
Professional Srvcs
10,124
39,250
8,996
32,684
(6,566)
127,810
Maintenance & Repair
28,249
101,495
22,745
144,253
42,758
598,165
Other Services
34,743
193,364
36,244
205,733
12,370
585,435
Materials & Supplies
57,062
252,169
79,347
358,367
106,198
735,120
314
9,943
579
7,793
(2,150)
23,191
Capital Expenditures
12,074
31,422
0
15,533
(15,889)
140,500
1,870,622
1,870,622
0
1,195,844
(674,778)
1,870,622
Total Expense
2,311,366
3,916,582
437,947
3,479,603
(436,979)
7,846,143
Excess (Deficiency)
$388,831
$2,626,249
$2,095,672
$2,569,422
$56,828
($496,307)
Miscellaneous Exp.
2
Liability Insurance
YTD Variance
CY to PY
Favorable (Unfav)
Current
Month
Current
Year-to-Date
Prior
Year Month
150,704
342,280
138,532
309,291
32,988
355,000
150,704
342,280
138,532
309,291
32,988
355,000
136
281
295
100
0
Prior
Year-to-Date
Annual Budget
Revenue
Taxes
Property Taxes
Total Taxes
(68)
(14)
0
0
0
0
1,500
150,840
342,561
138,465
309,278
33,284
356,600
0
0
0
0
0
0
Employee Benefits
0
79,493
0
95,148
15,655
182,317
Other Services
0
114,979
0
104,791
(10,188)
229,958
Miscellaneous Exp.
0
0
0
0
0
3,000
Total Expense
0
194,472
0
199,939
5,467
415,275
$150,840
$148,089
$138,465
$109,339
$38,751
Investment Income
Misc. Receipts
Total Revenue
Expense
Salaries And Wages
Full-Time Employees
Excess (Deficiency)
3
($58,675)
Orchard Valley Golf Course
Current
Month
Current
Year-to-Date
Prior
Year Month
Prior
Year-to-Date
YTD Variance
CY to PY
Favorable (Unfav)
Annual Budget
0
13
2
22
(9)
15
Gas Carts
0
0
0
0
0
0
Greens Fees
0
0
0
0
0
0
Green Fee Discount
0
0
0
0
0
0
Driving Range
0
0
0
0
0
0
56,667
170,000
56,667
170,000
0
310,167
0
0
0
63,556
(63,556)
0
56,667
170,014
56,669
233,578
(63,565)
310,182
Full-Time Employees
0
0
0
0
0
0
Part-Time Labor
0
0
0
0
0
0
Employee Benefits
742
3,709
742
3,574
(135)
5,935
5,427
20,969
8,101
8,101
(12,868)
40,000
0
7,600
0
8,636
1,037
15,308
80,000
89,411
0
52,608
(36,804)
145,000
Total Expense
86,169
121,689
8,843
72,920
(48,770)
206,243
($29,503)
$48,324
$47,825
$160,659
($112,335)
$103,939
Revenue
Investment Income
Fees And Memberships
Misc. Receipts
Total Revenue
Expense
Salaries And Wages
Other Services
Excess (Deficiency)
4
Aquatics
Current
Month
Current
Year-to-Date
Prior
Year Month
Prior
Year-to-Date
YTD Variance
CY to PY
Favorable (Unfav)
Annual Budget
Rental Income
0
14,282
2,500
12,934
1,349
14,900
Investment Income
0
0
2
0
0
0
Intergovernmental
766
766
0
0
766
0
Membership
10,334
172,321
16,300
214,113
(41,792)
225,000
Daily Fees
19,543
436,546
1,716
356,768
79,778
359,000
220
53,987
48,814
5,173
55,010
30,097
662,854
18,011
619,694
43,159
639,010
Merchandise Sales
0
0
0
24
Misc. Receipts
1
21,399
3
(56)
2,544
50,496
(71)
33,407
749,797
Full-Time Employees
4,852
Part-Time Labor
Revenue
Group Admissions
Total Fees And Memberships
Program Revenues
Total Revenue
(5)
(24)
21,455
1,000
0
54,036
(3,539)
70,838
20,445
686,632
63,165
725,748
25,074
4,498
25,211
137
60,645
5,163
68,083
4,514
69,285
1,202
84,700
10,015
93,157
9,011
94,496
1,339
145,345
3,633
20,464
3,151
20,685
221
39,713
0
2,114
339
1,207
(907)
2,750
Expense
Salaries And Wages
Employee Benefits
Other Employee Exp
5
Aquatics
Current
Month
45,174
Current
Year-to-Date
98,565
Prior
Year Month
38,642
Prior
Year-to-Date
88,025
YTD Variance
CY to PY
Favorable (Unfav)
(10,540)
Annual Budget
121,150
Professional Srvcs
21,237
87,937
4,563
62,925
(25,012)
113,010
27,390
127,028
14,469
66,022
(61,005)
133,090
Other Services
(2,956)
343,386
7,016
371,280
27,895
398,094
2,668
109,736
4,066
85,439
(24,297)
131,378
75
2,525
190
3,330
805
4,300
Miscellaneous Exp.
0
0
0
0
0
180
0
55,717
0
23,437
(32,279)
140,000
107,236
940,628
81,447
816,847
(123,782)
1,229,010
($73,829)
($190,831)
($61,002)
($130,215)
($60,617)
($503,262)
Utilities
Food & Bev Purchases
Total Expense
Excess (Deficiency)
6
2008 Referendum
Current
Month
Current
Year-to-Date
Prior
Year Month
Prior
Year-to-Date
YTD Variance
CY to PY
Favorable (Unfav)
Annual Budget
2,480
5,284
(5,251)
7,731
1,000
Revenue
Investment Income
(998)
Intergovernmental
0
6,680
0
9,900
(3,220)
720,000
Misc. Receipts
0
0
0
76,351
(76,351)
0
9,160
5,284
81,000
(71,840)
721,000
23
33
0
0
(33)
0
82,913
736,427
388,794
683,815
(52,611)
4,301,309
Total Expense
82,936
736,460
388,794
683,815
(52,644)
4,301,309
($83,933)
($727,299)
($383,510)
($602,815)
Total Revenue
(998)
Expense
Professional Srvcs
Excess (Deficiency)
7
($124,485)
($3,580,309)
Fox Bend Golf - Sale Proceeds
Current
Month
Current
Year-to-Date
Prior
Year Month
Prior
Year-to-Date
YTD Variance
CY to PY
Favorable (Unfav)
Annual Budget
Investment Income
1,371
2,476
(816)
(1,679)
4,154
40
Total Revenue
1,371
2,476
(816)
(1,679)
4,154
40
0
0
0
63,556
63,556
0
Total Expense
0
0
0
63,556
63,556
0
$1,371
$2,476
($65,235)
$67,711
$40
Revenue
Expense
Excess (Deficiency)
($816)
8
Recreation
Current
Month
Current
Year-to-Date
Prior
Year Month
1,482,741
3,367,848
1,700,120
3,796,159
0
0
0
0
1,482,741
3,367,848
1,700,120
3,796,159
Rental Income
53,736
321,769
35,527
282,503
Investment Income
10,922
19,847
(5,247)
Intergovernmental
0
466
281,980
Daily Fees
Prior
Year-to-Date
YTD Variance
CY to PY
Favorable (Unfav)
Annual Budget
Revenue
Taxes
Property Taxes
Corporate Replacement Taxes
Total Taxes
(428,311)
0
(428,311)
3,500,000
0
3,500,000
39,266
628,365
(8,278)
28,125
20,000
15,602
15,602
(15,136)
2,000,000
1,408,383
300,184
1,444,820
(36,437)
3,707,717
11,849
109,587
12,143
98,504
11,084
322,776
Personal Training
10,831
63,274
17,314
64,770
(1,496)
152,900
Permanent Court Time
17,672
26,564
12,093
24,753
1,811
53,000
Senior Court Time
1,112
5,790
1,139
5,214
576
19,200
Pro-Court Time
1,540
3,512
2,219
4,288
(777)
34,092
324,984
1,617,109
345,093
1,642,348
(25,239)
4,289,685
Merchandise Sales
6,392
17,846
6,113
22,974
(5,128)
64,261
Food And Bev Sales
4,485
33,066
4,793
33,394
(328)
95,093
Misc. Receipts
3,327
41,537
8,097
35,696
461,983
1,830,958
481,198
1,900,364
Membership
Program Revenues
9
5,841
(69,406)
102,625
3,847,118
Recreation
Current
Month
25,000
Current
Year-to-Date
25,000
Prior
Year Month
0
Prior
Year-to-Date
25,300
YTD Variance
CY to PY
Favorable (Unfav)
(300)
Annual Budget
25,000
2,373,570
7,275,446
2,591,294
7,746,062
(470,616)
14,572,147
Full-Time Employees
206,420
964,989
191,076
1,026,169
61,180
2,581,492
Part-Time Labor
121,724
944,914
144,838
995,751
50,837
2,478,487
328,144
1,909,903
335,914
2,021,920
112,017
5,059,979
95,421
371,465
85,216
398,349
26,885
1,155,192
7,779
27,697
2,401
17,992
(9,705)
83,402
126,265
309,577
42,172
260,700
(48,877)
777,450
Professional Srvcs
11,850
55,460
9,483
46,023
(9,437)
392,523
59,121
285,603
75,579
320,676
35,073
727,486
Other Services
120,395
663,479
104,593
637,890
(25,589)
1,924,310
101,280
477,225
137,043
480,837
3,612
1,236,958
Merchandise Purchase
3,685
17,732
2,065
17,254
(478)
45,050
Food & Bev Purchases
3,169
16,238
3,307
15,190
(1,049)
44,200
Miscellaneous Exp.
4,739
13,799
3,185
14,239
84,033
122,763
57,013
105,091
(17,673)
300,000
300,000
0
850,000
550,000
Total Revenue
Expense
Salaries And Wages
Employee Benefits
Other Employee Exp
Utilities
10
440
56,110
3,015,767
300,000
Recreation
Total Expense
Excess (Deficiency)
Current
Month
Current
Year-to-Date
Prior
Year Month
Prior
Year-to-Date
YTD Variance
CY to PY
Favorable (Unfav)
Annual Budget
1,245,881
4,570,943
857,970
5,186,160
615,218
14,818,427
$1,127,689
$2,704,504
$1,733,323
$2,559,902
$144,602
11
($246,280)
Museum
YTD Variance
CY to PY
Favorable (Unfav)
Current
Month
Current
Year-to-Date
Prior
Year Month
339,612
771,325
297,654
664,679
106,646
800,000
0
0
0
0
0
0
339,612
771,325
297,654
664,679
106,646
800,000
4,699
31,556
8,168
33,132
Investment Income
562
751
Intergovernmental
0
0
1,598
1,598
Membership
10,190
51,127
7,017
35,169
15,958
50,000
Daily Fees
36,872
330,762
33,257
301,480
29,282
305,000
4,454
94,949
6,644
91,786
3,163
113,200
51,516
476,838
46,917
428,435
48,404
468,200
4,077
41,097
3,441
29,852
11,245
35,300
Food And Bev Sales
840
10,198
828
10,483
(285)
14,200
Misc. Receipts
328
954
93
4,436
(3,482)
3,100
13,440
101,546
11,383
82,362
19,184
234,004
415,074
1,434,266
369,791
1,254,806
179,460
1,597,604
Prior
Year-to-Date
Annual Budget
Revenue
Taxes
Property Taxes
Otb Tax Receipts
Total Taxes
Rental Income
(291)
(170)
(1,576)
922
(1,598)
42,000
800
0
Group Admissions
Merchandise Sales
Program Revenues
Total Revenue
Expense
Salaries And Wages
12
Museum
YTD Variance
CY to PY
Favorable (Unfav)
4,554
Current
Month
19,970
Current
Year-to-Date
102,857
Prior
Year Month
16,752
40,523
254,315
42,197
259,634
5,320
393,287
60,493
357,172
58,948
367,045
9,874
670,319
Employee Benefits
11,075
48,172
7,417
41,827
(6,345)
150,925
855
2,155
562
1,024
(1,131)
9,511
5,094
16,650
3,206
17,178
528
39,273
338
1,350
338
1,350
0
4,050
3,724
27,162
30,414
42,734
15,572
222,300
Other Services
6,902
33,346
10,902
36,243
2,898
93,032
22,771
127,222
7,967
91,794
(35,428)
257,510
5,841
27,938
6,929
24,404
(3,534)
25,000
Miscellaneous Exp.
0
30
100
139
109
1,100
0
9,500
8,248
144,618
135,118
0
110,000
110,000
0
10,000
(100,000)
Total Expense
227,093
760,697
135,031
778,356
17,659
1,583,020
$187,981
$673,569
$234,760
$476,450
$197,118
$14,584
Full-Time Employees
Part-Time Labor
Other Employee Exp
Utilities
Professional Srvcs
Merchandise Purchase
Excess (Deficiency)
13
Prior
Year-to-Date
107,411
Annual Budget
277,032
110,000
Police And Security
YTD Variance
CY to PY
Favorable (Unfav)
Current
Month
Current
Year-to-Date
Prior
Year Month
352,035
799,568
344,553
769,370
30,197
830,000
352,035
799,568
344,553
769,370
30,197
830,000
3,035
26,888
1,235
35,540
(8,652)
48,000
Investment Income
127
281
Intergovernmental
46,900
93,800
45,400
1,658
16,000
403,755
Full-Time Employees
Part-Time Labor
Prior
Year-to-Date
Annual Budget
Revenue
Taxes
Property Taxes
Total Taxes
Rental Income
439
450
90,815
2,985
93,800
3,282
35,732
(19,733)
40,924
936,536
394,356
931,300
5,236
1,013,174
32,834
159,362
31,943
173,746
14,385
425,501
22,799
116,412
20,835
109,946
(6,466)
203,343
55,633
275,774
52,778
283,693
7,919
628,844
Employee Benefits
10,252
44,387
10,270
49,278
4,891
117,086
Other Employee Exp
1,823
9,676
727
6,391
(3,286)
28,412
Utilities
2,546
7,312
1,402
5,905
(1,406)
18,656
338
1,350
338
1,350
2,402
32,115
785
9,096
(23,018)
33,350
Other Services
2,947
59,252
6,361
61,763
2,511
78,730
Misc. Receipts
Total Revenue
(115)
(157)
Expense
Salaries And Wages
Professional Srvcs
14
0
4,050
Police And Security
Current
Month
Current
Year-to-Date
Prior
Year Month
Prior
Year-to-Date
YTD Variance
CY to PY
Favorable (Unfav)
Annual Budget
4,450
19,171
5,781
22,719
3,547
58,675
133
482
199
199
(282)
1,000
0
21,000
4,699
12,900
(8,100)
32,590
18,000
18,000
0
40,000
22,000
18,000
Total Expense
98,523
488,519
83,339
493,295
4,776
1,019,393
$305,232
$448,017
$311,017
$438,006
$10,012
Miscellaneous Exp.
Excess (Deficiency)
15
($6,219)
Fox Valley Special Recreation
YTD Variance
CY to PY
Favorable (Unfav)
Current
Month
Current
Year-to-Date
Prior
Year Month
419,928
953,689
395,943
883,735
69,954
987,784
419,928
953,689
395,943
883,735
69,954
987,784
29
111
113
100
419,957
953,800
395,897
883,732
70,068
987,884
0
0
0
0
0
0
20,976
53,415
0
3,522
(49,893)
100,000
5,972
13,496
288
22,601
9,105
38,000
309,372
655,784
33,150
377,845
(277,939)
655,784
25,000
25,000
0
0
(25,000)
295,000
Total Expense
361,320
747,695
33,438
403,967
(343,728)
1,088,784
Excess (Deficiency)
$58,636
$206,105
$362,460
$479,765
($273,660)
($100,900)
Prior
Year-to-Date
Annual Budget
Revenue
Taxes
Property Taxes
Total Taxes
Investment Income
Total Revenue
(46)
(3)
Expense
Salaries And Wages
Part-Time Labor
Other Services
Miscellaneous Exp.
16
Illinois Municipal Retirement
YTD Variance
CY to PY
Favorable (Unfav)
Current
Month
Current
Year-to-Date
Prior
Year Month
339,612
771,325
340,238
759,612
11,713
800,000
339,612
771,325
340,238
759,612
11,713
800,000
81
263
380
50
339,693
771,589
340,171
759,495
12,093
800,050
Employee Benefits
53,986
264,043
56,841
312,390
48,347
785,000
Total Expense
53,986
264,043
56,841
312,390
48,347
785,000
$285,707
$507,545
$283,330
$447,105
$60,440
$15,050
Prior
Year-to-Date
Annual Budget
Revenue
Taxes
Property Taxes
Total Taxes
Investment Income
Total Revenue
(67)
(117)
Expense
Excess (Deficiency)
17
Social Security
YTD Variance
CY to PY
Favorable (Unfav)
Current
Month
Current
Year-to-Date
Prior
Year Month
339,612
771,325
297,654
664,679
106,646
800,000
339,612
771,325
297,654
664,679
106,646
800,000
64
196
293
100
339,676
771,521
297,597
664,582
106,939
800,100
Employee Benefits
47,074
266,989
47,322
284,673
17,684
675,000
Total Expense
47,074
266,989
47,322
284,673
17,684
675,000
$292,602
$504,532
$250,275
$379,909
$124,623
$125,100
Prior
Year-to-Date
Annual Budget
Revenue
Taxes
Property Taxes
Total Taxes
Investment Income
Total Revenue
(57)
(97)
Expense
Excess (Deficiency)
18
Audit
YTD Variance
CY to PY
Favorable (Unfav)
Current
Month
Current
Year-to-Date
Prior
Year Month
14,124
32,036
11,267
25,122
6,914
32,000
14,124
32,036
11,267
25,122
6,914
32,000
Investment Income
4
9
(4)
0
9
20
Intergovernmental
0
0
0
0
0
7,250
14,127
32,046
11,262
25,123
6,923
39,270
4,500
29,300
0
250
(29,050)
49,610
Other Services
0
0
0
242
Total Expense
4,500
29,300
0
492
(28,808)
49,920
$9,627
$2,746
$11,262
$24,631
($21,885)
($10,650)
Prior
Year-to-Date
Annual Budget
Revenue
Taxes
Property Taxes
Total Taxes
Total Revenue
Expense
Professional Srvcs
Excess (Deficiency)
19
242
310
Facility Imp/Replacement Fund
Current
Month
Current
Year-to-Date
Prior
Year Month
Prior
Year-to-Date
YTD Variance
CY to PY
Favorable (Unfav)
Annual Budget
1,966
4,076
(1,619)
(3,025)
7,101
2,000
0
0
1,966
4,076
10,522
Total Expense
Revenue
Investment Income
Total Revenue
0
500,000
(500,000)
0
(1,619)
496,975
(492,899)
2,000
258,225
3,068
269,784
11,558
1,470,390
10,522
258,225
3,068
269,784
11,558
1,470,390
($8,556)
($254,149)
($4,687)
$227,191
Expense
Excess (Deficiency)
20
($481,341)
($1,468,390)
Land Cash Fund
Current
Month
Current
Year-to-Date
Prior
Year Month
Prior
Year-to-Date
YTD Variance
CY to PY
Favorable (Unfav)
Annual Budget
Investment Income
242
438
(147)
(307)
745
150
Total Revenue
242
438
(147)
(307)
745
150
Total Expense
0
0
0
0
$242
$438
$745
$150
Revenue
Excess (Deficiency)
0
($147)
21
0
($307)
Equip & Vehicle Replacement
Current
Month
Current
Year-to-Date
Prior
Year Month
Prior
Year-to-Date
YTD Variance
CY to PY
Favorable (Unfav)
Annual Budget
634
1,224
(534)
(1,124)
2,348
500
4,400
4,400
0
0
4,400
15,000
128,000
128,000
0
100,000
28,000
128,000
Total Revenue
133,034
133,624
98,876
34,748
143,500
39,000
150,509
82,434
314,972
164,462
366,200
Total Expense
39,000
150,509
82,434
314,972
164,462
366,200
$94,034
($16,885)
($82,968)
($216,096)
$199,211
($222,700)
Revenue
Investment Income
Misc. Receipts
(534)
Expense
Excess (Deficiency)
22
Land Acquisition Fund
Current
Month
Current
Year-to-Date
Prior
Year Month
Prior
Year-to-Date
YTD Variance
CY to PY
Favorable (Unfav)
Annual Budget
Investment Income
204
267
0
65
202
50
Total Revenue
204
267
0
65
202
50
Total Expense
0
0
0
0
0
0
$204
$267
$0
$65
$202
$50
Revenue
Excess (Deficiency)
23
2010 Go Bonds
Current
Month
Current
Year-to-Date
Prior
Year Month
Prior
Year-to-Date
YTD Variance
CY to PY
Favorable (Unfav)
Annual Budget
Investment Income
12
16
7
33
(17)
15
Intergovernmental
0
0
0
0
0
50,000
12
16
7
33
(17)
50,015
41,937
287,232
12,506
107,278
(179,954)
605,150
Total Expense
41,937
287,232
12,506
107,278
(179,954)
605,150
($41,925)
($287,216)
($12,499)
($107,245)
($179,971)
($555,135)
Revenue
Total Revenue
Expense
Excess (Deficiency)
24
Debt Service
YTD Variance
CY to PY
Favorable (Unfav)
Current
Month
Current
Year-to-Date
Prior
Year Month
3,256,262
7,396,691
3,389,526
7,567,371
(170,680)
7,628,454
3,256,262
7,396,691
3,389,526
7,567,371
(170,680)
7,628,454
Investment Income
312
796
15
199
Intergovernmental
0
27,079
0
31,786
1,970,622
1,970,622
0
1,295,844
674,778
1,970,622
Total Revenue
5,227,196
9,395,189
3,389,541
8,895,200
499,989
9,654,735
Professional Srvcs
0
1,425
0
1,505
80
4,800
Debt Service
0
1,016,250
0
1,121,650
105,400
9,657,501
0
0
0
0
0
2,500
Total Expense
0
1,017,675
0
1,123,155
105,480
9,664,801
$5,227,196
$8,377,514
$3,389,541
$7,772,045
$605,469
Prior
Year-to-Date
Annual Budget
Revenue
Taxes
Property Taxes
Total Taxes
597
(4,706)
1,500
54,159
Expense
Excess (Deficiency)
25
($10,066)
5.4
DATE:
November 9, 2015
TO:
Honorable Board of Trustees
FROM:
Diana Erickson, Director of Finance and Administration
RE:
November 2015 Monthly Report
Strategic Plan Objectives:
1. Develop a plan for the selection, implementation and funding of a new recreation
software system.
In progress. This project has been turned over to the recreation division to implementation.
Implementation has begun and we are scheduled to go “live” May 2016.
2. Develop plan for Healthcare Reform requirements.
In progress. This is an ongoing process of making changes to comply with all requirements.
3. Implement Munis HR Training module.
In progress. The training module involves tracking all training and certifications of
employees. This process will require working with the vendor to upload worksheets and load
existing documentation. The final phase will be training employees to enter and access this
information.
4. Investigate options for multi-year reporting through Munis financial software system.
Completed. This project has been in process for several months and we have completed the
software enhancements to access this information.
5. Develop a summarized annual financial document.
Completed. An easy to read summary will be available to all residents on the website.
6. Review full-time salary ranges and make recommendations to the Board.
In progress. The last time the full-time salary ranges were reviewed was three years ago.
This process will begin this summer for Board review in November.
7. Provide employees information on health and wellness to help improve employee
health, lessen occupational injuries, reduce absences and increase productivity.
In progress. Through our safety training and wellness initiatives we are looking to increase
our efforts in employee health and wellness training to benefit them in work and home life.
8. Pilot a “lunch bunch” roundtable discussion to share district news on projects, plans
and programs.
In progress. The scope of this project will be discussed with the new Executive Director.
9. Prepare district for Loss Control review by PDRMA.
In progress. This process began in January and involves working with all district
departments to complete the review in November. Currently our average score is well over
the prior review.
10. Research opportunities for safety related grants.
In progress. The Risk Manager is always looking for way to increase our safety program and
funding for our safety initiatives through grants to supplement our costs.
DATE:
November 9, 2015
TO:
FROM:
Michael Erickson, Director of Parks and Facility Maintenance
RE:
Monthly Report
Strategic Plan Objectives
1. Develop a plan for maintaining/renovating Eola Community Center outdoor trellis
structures.
o Completed – An initial meeting with staff has been conducted and a follow up
meeting with an architect was done on site at Eola to discuss options for the
trellis.
o Completed – A proposal was received from Kluber Architects for design ideas.
o Completed – A meeting was held with staff to review initial design alternatives. A
decision was made to have Kluber continue with the option which leaves part of
the structure in place and renovate it to be more durable with less maintenance.
o Completed – Kluber Architects completed development of the preferred option
and developed a cost estimate. The plan and cost estimate was presented to staff.
Staff will look at funding for the project and decide on the next steps.
o Completed – Funds for this project were eliminated from the 2015/2016 budget
and staff will take the recommendations from Kluber Architect to budget for
renovations in the 2016/2017 budget.
2. Implement site specific woodlands management plans for Lippold Park, Red Oak
Nature Center, Chesterfield Park, Church Road Park and Arrowwood Park.
o Completed – These sites have been walked by staff with a natural area contractor
to discuss plans for the year.
o Completed – Volunteer groups cleared invasive plants from Lippold Park and
Church Road Park in July.
o Completed – Staff mechanically removed 90% of remaining invasive plant
material at Lippold Park and Church Road Park.
o Completed – Staff met at Lippold Park to plan for the removal of the remaining
invasive plant material and to discuss the installation of native seed.
o In progress – Understory plant material is still being assessed at all sites in order
to plan for installation of trees and native seed.
o Completed – Staff met with one of our natural area consultants to discuss native
seeding for these sites.
3. Implement the Emerald Ash Borer replacement plan.
o In progress – Replacement of trees has begun and will continue.
o In progress – The tree survey work has been scheduled and this work should be
completed this fall.
o In progress – Staff met to set up mapping for the third and final year of the Ash
removal project. This plan will be finalized in the spring of 2016.
o Completed – Staff met with the tree removal contractor to discuss plans for the
third and final year of the Ash tree removal.
4. Coordinate with the City of Aurora on the management of lakes and ponds.
o Completed – Staff has contacted Rick Mervine, the Alderman who the District
has worked with on Waubonsie Lake to determine who best to begin discussions
with at the City. Rick indicated that the City has funds that are budgeted for work
at Waubonsie Lake. The engineering will take place in 2015 with dredging to
begin in 2016 if funding is available.
o Completed – Additional discussions with the City through Alderman Mervine
were discussed concerning other lakes and ponds that the District manages. Rick
said that he would speak with City of Aurora staff about furthering discussions
with the District.
o In progress – Staff discussed the management of the lakes and ponds with City of
Aurora City of Aurora staff and we are working together on developing a list of
retention areas that need to be addressed.
5. Formalize a work flow process where affected departments sign off at various stages
of project development and implementation.
o Completed – Staff has already begun utilizing a web based software system for
work coordination call Smartsheet.
o In progress – An analysis of which staff should be utilizing Smartsheet is
continuing. Additional staff will be added as needed.
o In progress – Staff is being trained as they continue to gain access to Smartsheet.
6. Research installing backup warning devices on Park District vehicles.
o Completed – Staff has contacted various suppliers and has received pricing back.
Additional pricing from other vendors is also forthcoming.
o Completed – Facility staff has acquired pricing for the devices and will meet with
fleet maintenance staff to fund the purchase of the devices and discuss
installation.
o In progress – Backup devices have been purchased by fleet maintenance staff and
will be installed as vehicles come in for preventative maintenance.
DATE:
November 9, 2015
TO:
Board of Trustees
FROM:
Mark Johnson, Chief of Park Police and Public Safety
RE:
November Staff Report
Strategic Plan Objectives:
•
Evaluate need for expanded garage and storage space at the Park District Police and
Public Safety facility and determine source of funding.
Status: Completed – It was determined that in order to better preserve our police fleet,
added space is necessary. Currently we have garage space for 6 vehicles and there are an
additional 6 parked outside year-round. There is adequate space for a structure on District
owned property directly south of the police office.
Funding will be addressed in the 2016-2017 police budget.
•
Develop a recruitment plan to ensure that, due to attrition, open law enforcement
positions are promptly filled.
Status: Ongoing – Staff has experienced an extremely high rate of attrition during the past
few months. The vacancies are primarily due to staff relocating out of the area. These
vacancies are going unfilled. We are constantly advertizing for applicants and receiving
applications, but the overwhelming majority do not meet minimum qualifications for the
position.
Research shows that we are losing qualified candidates to other area departments
primarily due to our entry level rate of pay. The rate is approx 30% less than other area
departments.
A comprehensive review of our recruitment effort will be addressed in the 2016-2017
budget.
•
Prepare for CALEA reaccreditation.
Status: Ongoing – The onsite evaluation is scheduled for December 4th.
•
Evaluate squad car video software and implement technology that downloads images
efficiently.
Status: Completed – With the upgraded software, the squad car cameras are being
downloaded automatically when the squads return to the garage at the completion of each
shift. The images are stored on a dedicated computer in the police office for later review
or as evidence.
•
Provide training for the enhanced law enforcement records management system.
Status: Completed.
•
Provide NIMIS 200 training for all emergency responders.
Status: Completed – Many of our officers have gone onto 300 and 400 level training.
•
Develop an intergovernmental emergency response plan for Stuart Sports Complex.
Status: Completed – A meeting was held at the Complex on July 1st. Representatives of
all the responsible jurisdictions were in attendance and we feel very comfortable that we
have in place a very comprehensive plan.
•
Enhance the summer playground program to interact with public safety personnel.
Status: Completed – A PSO was added to assist our officers in visiting the playgrounds.
On June 25th, a picnic was held at McCullough Park. Approximately 250 children were in
attendance. Also in attendance were representatives from 5 other law enforcement or fire
agencies that brought equipment for the program participants to view and interact with.
•
Update the Park Police website page quarterly.
Status: Completed.
•
On September 23rd, it came to the attention of Officers Stefanski and Spears that a male
was unconscious and unresponsive on the Mastodon Trail at Phillips Park. The officers
located the subject, administered CPR and an AED. Paramedics arrived shortly thereafter
and transported the subject to a local hospital.
Hospital staff credited the actions of our officers as saving the man’s life.
DATE:
November 9, 2015
TO:
FROM:
Jeff Palmquist, Director of Planning, Development and Grants
RE:
Monthly Report
STRATEGIC PLAN OBJECTIVES:
1. Implement neighborhood and community park renovation projects based upon
playground and facility replacement needs and schedules. 2015-2018
• On-hold- Jericho Lake Park renovation construction. Construction to begin when
the suspension of OSLAD grant funded projects is lifted by IDNR. Staff
coordination with Kane County Department of Transportation regarding Jericho
Road improvements and relocated Jericho Lake Park entrance is on-going.
Jericho Road is scheduled to open during the week of November 19, according to
KDOT.
• On-hold- Copley 1 renovation construction. Construction to begin when the
suspension of OSLAD grant funded projects is lifted by IDNR.
• Completed- Birmingham Park renovation construction.
• Completed- Austin Park renovation construction.
• Completed- Lincoln Park playground replacement construction.
• Completed- Palmer Park renovation construction.
• Completed- Eola Community Center parking lot improvements.
• Completed- Cumberland Park playground replacement concept plan.
• Completed- Brooklyn Park renovation concept plan, pending Board of Trustees
review and approval.
• In progress- Canterbury Park renovation concept plan.
2. Complete the construction of the Prisco Community Center expansion and
renovation.
• On- hold, pending reinstatement of PARC grant funding by IDNR.
3. Implement site improvement plans for Red Oak Nature Center and Blackberry
Farm.
• Completed- construction and restoration of events plaza/Barnes Road
landscaping and retaining wall.
•
•
Completed- construction of Red Oak Nature Center parking lot improvements
and associated ornamental entry gate/sign.
In progress- Red Oak Nature Center garage improvements.
4. Coordinate with the City of Aurora on the use and management of river shoreline
property.
• Completed- coordination with the City of Aurora Animal Control facility on the
use of a small portion of adjacent FVPD property for parking lot expansion,
pending Board of Trustee approval at the October 19 Board meeting.
• Completed- coordination with the City of Aurora regarding geo-technical work
at North River Street Park and the Fox River Trail East.
• In progress- coordination with City of Aurora staff and consultants regarding the
Aurora Transportation Center improvement plan.
5. Coordinate with the City of Aurora on strategic intergovernmental exchanges.
• In progress- coordination with City public works staff on regional storm water
management plans within the Zausa property area and specific easement and
drainage measures applied to the Zausa property.
• In progress- coordination with City engineering staff regarding potential regional
storm water management improvements affecting Barrington Park.
6. Apply the District’s sustainable design considerations checklist for parks and
facilities to the design and construction of capital projects.
• Completed- review/assessment of Palmer Park improvement plan.
• In progress- incorporation of sustainable design considerations into the Stuart
Sports Complex north renovation master plan.
7. Develop a plan for the renovation of Stuart Sports Complex north. 2015-17.
• In progress- base mapping, site inventory work and interdepartmental
coordination completed. Plan formulation on-going.
8. Coordinate with the City of Aurora on the acquisition and development of strategic
open space opportunities within planning areas with neighborhood park open space
deficiencies.
9. Identify opportunities to expand the scope of nature based play to include natural
features and sustainability related interpretive interactives and signage. 2015-18.
• Jericho Lake Park nature based play area on hold, pending IDNR notification of
OSLAD grant funding.
DATE:
November 9, 2015
TO:
Board of Trustees
FROM:
Interim Executive Director, Superintendent of Recreation and Facility
Managers
RE:
Recreation and Communications Monthly Report
Updated attendance figures, listed by facility, representing activity through October are provided
below. These are followed by a 2015 Volunteer and Sponsorship Summary.
Month of October Location updates:
Vaughan Athletic Center
Group Exercise
Class Participants
Fitness Center Scans
21,391
Personal Training
Sessions
298
Café Sales
New Memberships
Fieldhouse
Sold
260
Membership Scans
Tennis Daily Fee & Point of Sale Revenue
5,811
$4,700
VAC Aquatic Park
Scans
# of Birthday
Parties
726
Childcare Visits
$1,693.30
3,226
20
$1,740
Fitness / Rentals
# of Room Rentals
Total Rental Attendance
#’s
373
68
3,070
Rentals & Peformances
Friendly Center Club: Oktoberfest – 110 registrants
Teen Play: ‘Anne-Arky’ – 140 in attendance
Fall Adult Theatre: The Mouse Trap – 100 attended
Eola Community Center
Fitness / Rental
New Memberships Sold
# of Rentals
Total Rental Attendance
Open Gym Participation
#’s
9,958
95
107
4,560
428
Eola Fall Registrations
Fall Youth Sports: Session 1 - 262 particpants
Youth & Adult Basketball: 121 participants
Table Tennis / Badminton: 307 participants
Gymnastics/Cheer/Tumbling Competitive Teams: 90 kids
Martial Arts Programs: 123 Participants
Blackberry Farm
Blackberry Farm’s Pumpkin Weekends achieved a new milestone this year, by exceeding
revenue $48,000 this month, which is $10,000 more than last year. Blackberry Farm has also had
1,300 more guest visits in the month of October compared to this month the previous year.
The staff at Blackberry Farm is currently working on getting the park ready for Holiday Express,
and has hung more than 5,000 feet of lights in the trees around the park so far. They anticipate
hanging approximately two miles of lights around the park in preparation for this annual event.
Holiday Express will run the first three weekends in December from 2 to 6 p.m., as well as
Friday, December 11 and 18 from 5 to 8 p.m. This year, Blackberry Farm is offering a Special
Needs Night on the first Friday in December. It will provide a low-sensory experience for
families with special needs. Tickets will be limited for this event to help keep the wait times for
attractions to a minimum.
Visits/Passes
Daily Attendance
Total Season Passes Sold
Total Season Pass Members
#’s
7,108
1,153
2,517
Bookings
Birthday Parties
Rentals
Field Trips
# of Bookings
13
21
10
Stuart Sports Complex
# of fields played on
# of games played
39
297
Month of October
Month of October
# of Attendees
317
1,662
835
Red Oak
Reason for Visits
Walk-in Attendance
Lippold School Field Trips
Red Oak School Field Trips
Family Programs at Red Oak &
Lippold
Fall Fest at Red Oak
# of visitors
Approx. 1,800
100 students (Student Scientist & Have Seeds programs)
400 students
150 participants
360 participants
2015 Sponsorships
Event
Winter Stage
Spring Gallop
Canoe Race
Golf for Kids
Summer Stage
Concerts in the Park
Live and Uncorked
Family Fun Nights BBF
Amazing Race
Family Luau – Aquatics
Bug Fest
Pumpkin Weekends
VAC Anniversary
TOTAL:
# Sponsors
13
12
40
1
1
3
1
3
4
1
# Vendors
12 Donations
4
4
15 Donations
1
1
2
1
In-Kind and Cash
Sponsorship Revenue
$
800
$
10,618
$
11,180
$
75,300
$
1,600
$
2,500
$
100
$
200
$
6,750
$
300
$
6,125
$
12,000
$
2,500
$
129,973
Use of Volunteers and Sponsorships
Volunteer
Events
Cowherd NJHS
West Aurora
JROTC
Northern Ill.
Academy
Date
October 17,
2015
October 24,
2015
October 5, 19,
and 26
Location
Number of
Volunteers
GilmanTrail/Montgomery 30 middle
school students
Blackberry Farm
20 High School
Students
Vaughan Athletic
Between 5- 10
Center
students
Project
Trail clean up
Pumpkin
Weekends
Maintenance
Collaboration
Events
Family Fun
Night
FVPD 21st
Century Grant
Date
Location
Attendees
Info
October 6, 2015
Blackberry Farm
56 Families
330 attendees
Hall, Nicholson
and Smith ASP
students, and
parents for a
Family Night
MyTime Middle
School Field trip
Family Fun
Night District
#129 - 21st
Century Grant
October 7, 2015
Blackberry Farm
October 8, 2015
Blackberry Farm
300 middle
school students
43 Families
379 attendees
Kindergarten
Open House
October 15, 2015
Cowherd Middle
School
200 people
Freeman,
Greenman, Hall
and McCleery
Asp students and
parents for a
Family Night
Resource table
for families with
info on
Scholarship,
Special Events
and No/ Low
cost programs
FVPD offers
November 2015 Marketing Report
Digital Footprint at-a-glance
Easy to see numbers, top trends and user actions across Fox Valley digital platforms.
Website Activitkdyistrict.org
foxvalleypar
Pumpkin Weekends
helped drive a
24% spike in Blackberry
Farm traffic.
50%
24%
More people are coming to see
“Where Fun Begins.” Our Calendar
of Events saw a 50% increase.
23%
74,000+ page views equates to
a 23% boost year over year
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VAUGHAN 10-YEAR
ANNIVERSARY
bolstered a 16% increase in web traffic
to the Vaughan Athletic Center pages.
Social Spotlight
#Instagram
Fall photo contest continued to drive 
results, with over 100 pictures uploaded to
#foxvalleyparks for consideration.
 A “like and share to win” campaign was one
of our top performers of all time, reaching an
audience of nearly 50,000 with 1,000+ shares
and likes. That engagement and high visibility
helped Blackberry achieve a record-setting
season of revenue with Pumpkin Weekends.
29%
October 2015
EXECUTIVE SUMMARY SAFETY REPORT
DAYS AWAY AND RESTRICTED TIME CASES
(DART)
DEPARTMENT
Administration
Facilities Maintenance
Parks Maintenance
Greenhouse
Vaughan Athletic Center
Outdoor Education
Blackberry Farm
Outdoor Aquatics
Police & Public Safety
TOTAL
NUMBER OF MONTHLY
INCIDENTS
0
0
0
0
0
0
0
0
0
0
0
0
MONTHLY EMPLOYEE
HOURS WORKED
4582:23
2663:37
5846:19
842:28
5463:01
3399:07
8415:15
1052:37
2369:09
0:00
2531:13
37165:09
YEAR TO DATE
NUMBER OF INCIDENTS
0
0
0
0
1
0
0
0
0
0
1
2
YEAR TO DATE EMPLOYEE
HOURS WORKED
46355:26
33278:35
59272:02
12299:30
55400:42
39625:30
92058:46
9073:24
31104:23
2303:24
28301:52
409073:34
Footnotes: The monthly hours provided are totals hours before time card corrections.
Reported Injuries with Days Away or Restricted Time;
Reported injuries with no day’s away or lost time;
None
Employee reports repetitive injury to wrists, pending WC
5.5
DATE:
November 9, 2015
TO:
FROM:
Jeff Palmquist, Director of Planning, Development and Grants
RE:
Capital Projects Permitting Fees and Charges, Capital Projects Cost Summaries
and Project Bid Schedule Report
BACKGROUND: The November 2015 Capital Projects Permitting Fees and Charges
Summary reports are attached. The projects listed represent pending construction activity of a
size and scope that trigger involved permitting processes, numerous permit related costs and
potential construction delays.
Due to the suspension of work on the Prisco Community Center renovation, Jericho Lake Park
and Copley 1 Park, the District has not incurred any significant permit related fees to any project
over the past month. Other major park related construction activity has been completed for the
season.
REVIEW BY OTHERS:
Planner.
Director of Parks and Facility Maintenance, and Senior Park
FINANCIAL IMPACT:
The impact of permit related costs significantly impacts the project
implementation schedule and the overall project construction cost.
PRESENTER:
Jeff Palmquist, Director of Planning, Development and Grants.
Pending Significant Capital Projects Permitting Fees and Charges Summary‐ November, 2015
PROJECT
FILING FEE: RE‐
ZONING
FILING FEE: FINAL PLAT/
PLAN
WATER SERVICE TAP‐ON FEE
WATER CONNECTION/
METER FEE BUILDING PERMIT FEE
RECAPTURE/
DEVELOPMENT IMPACT FEES
KANE/
DUPAGE COUNTY HIGHWAY IMPACT FEE
FOX METRO SANITARY CONNECTION PERMIT FEE
IEPA NOTICE OF INTENT (STORMWATER DISCHARGE CONSTRUCTION PERMIT)
IEPA SANITARY MAIN EXTENSION PERMIT FEE
KANE‐DUPAGE SOIL AND WATER CONSERVATION DISTRICT SOIL EROSION CONTROL PERMIT FEE
OTHER
$1,000 IDNR Floodway Construction Permit fee. $20,000 VOM engineering review fee deposit. $2,743.49 Village plan/engineering review fee.
JERICHO LAKE PARK TBD
$0 TBD
TBD
TBD
$0 $0 NA
TBD
NA
$1,998 COPLEY 1 PARK
NA
$0 TBD
TBD
TBD
$0 $0 TBD
TBD
TBD
$1,339 (up to $500 refundable)
Abbreviations: City of Aurora ‐ COA, Illinois Environmental Protection Agency ‐ IEPA, Village of Montgomery ‐ VOM
November 9, 2015
PENDING AND COMPLETED SIGNIFICANT CAPITAL PROJECTS
COST SUMMARY
Project
Jericho Lake
Park
Approved
Project
Budget
$1,250,000
construction
budget.
Construction
Bid Awards
$1,146,797
(Wilkinson)
Changes to
Construction
Contracts
Fees & Permit
Costs
$20,000 VOM
engineering
review and
inspection fee
deposit.
$1,000 IDNR
Floodway
Construction
permit fee.
$1,998 KaneDuPage Soil &
Water
Conservation
District permit fee
Copley 1 Park
.
$945,000
construction
budget
$159,802
(Barton Electric
ball field lighting
contract)
$1,339 KaneDuPage Soil &
Water
Conservation
District permit fee
Other
Costs
Total Final
Project
Cost
November 9, 2015
UPCOMING PROJECT BID OR
REQUEST FOR PROPOSAL (RFP) SCHEDULE
Project
Anticipated Bid/RFP
Release Date
Anticipated Bid/Project
Award Date
Copley 1 Park
renovation
Pending IDNR notice to
proceed
TBD
fitness center expansion and
building improvements
Pending IDNR notice to
proceed
TBD
5.6
DATE:
November 9, 2015
TO:
FROM:
Attorney Gerald K. Hodge
RE:
Agenda Item for Approval of Resolution Adopting and Ratifying Executive
Director Employment Contract
Memorandum
The approval of the Executive Director contract with James Pilmer was discussed and a
consensus was reached at the October 19, 2015, meeting, but there was some confusion as to
whether a roll call vote was taken; accordingly, in order to clarify and expressly adopt and ratify
the employment agreement negotiated and tendered to the new Executive Director, an item on
the consent agenda is requested for board approval to clarify the situation. The proposed
resolution merely confirms and ratifies the approval of the employment contract and the hiring of
the new Executive Director, James Pilmer, effective as originally intended, as of November 9,
2015.
RESOLUTION OF THE BOARD OF TRUSTEES
TO APPROVE THE APPOINTMENT AND EMPLOYMENT AGREEMENT OF
JIM PILMER AS EXECUTIVE DIRECTOR OF THE FOX VALLEY PARK DISTRICT
WHEREAS, at the meeting of the Board of Trustees of the Fox Valley Park District on
October 19, 2015, there was an agenda item to approve the appointment of James Pilmer as the
new Executive Director of the Fox Valley Park District and to approve the employment
agreement in the form negotiated and circulated to the Board for approval; and
WHEREAS, the Board unanimously agreed to the appointment of James Pilmer as the
new Executive Director of the Fox Valley Park District and to the employment agreement in the
form negotiated and circulated to the Board; and
WHEREAS, upon vote taken at the meeting of the Board of Trustees of the Fox Valley
Park District on October 19, 2015, a full Board was not present; and
WHEREAS, for the purpose of public record to show unanimity of the Board of Trustees
of the Fox Valley Park District.
NOW, THEREFORE, be it hereby resolved that the Board of Trustees of the Fox
Valley Park District does hereby ratify, confirm and adopt the employment agreement referenced
at the October 19, 2015, meeting of the Board of Trustees as the employment agreement for the
new Executive Director, James Pilmer, hereby ratifying, confirming and adopting same as if it
were expressly approved at said meeting as then provided.
Approved by roll call vote:
Ayes: _____
Nays: _____
PASSED and APPROVED this 9th day of November, 2015.
By: __________________________________
Robert Vaughan, Its President
Attest: _______________________
Cynthia Penne, Its Secretary
SEAL
5.7
DATE:
November 9, 2015
TO:
FROM:
Interim Executive Director
RE:
6-Month Update of the 2015-18 Strategic Plan
BACKGROUND: The end of October represents the halfway point in the District’s fiscal
year. With the completion of Strategic Plan objectives coinciding with the fiscal year, the
November Board meeting is typically the time when the Board of Trustees are provided with the
6-month Strategic Plan update.
The 6-month Strategic Plan summary spreadsheet follows this cover memo. The Department
heads will be happy to address any questions that the Board of Trustees may have.
2015-2018 STRATEGIC PLAN - ANNUAL UPDATE (NOV 2015)
#
Objective
Estimated
Completion
Date
Dept Head
Responsible
for
Completion
Staff Member Responsible
for Implementation
Status*
Red=Not Started
Yellow=In Progress
Green=Completed
Key Strategy 1: Build Community & Customer Loyalty
Goal A. Provide safe, distinctive and well-maintained parks and facilities.
Short-Term
1.A.1.
Develop a repositioning
plan for Splash Country
Water Park.
1.A.2.
Develop plan to phase in
improvements at Phillips
Park Aquatic Center.
1.A.3.
Complete the
construction of the Prisco
Community Center
expansion and
renovation.
1.A.4.
Implement site
improvement plans for
Red Oak Nature Center
and Blackberry Farm.
1.A.5.
Develop plans to furnish
Stuart Sports Complex
with features to attract
athletic tournaments.
1.A.6.
Develop a plan for
maintaining/renovating
outdoor trellis structures.
4/30/2016 Rec
4/30/2016 Rec
TBD
Jeff
Completed Jeff
4/30/2016 Rec
Completed Mike
Jamie
District staff working with consultant
Williams architects on enhancement
options, infrastructure improvement
options and associated costs. Final
recommendations to be developed upon
review of these options.
Jamie
District staff working with consultant
Williams architects on enhancement
options, infrastructure improvement
options and associated costs. Final
recommendations to be developed upon
review of these options.
Jeff
Project on hold pending reinstatement of
PARC grant funding by IDNR.
Greg, Nate
Construction of events plaza landscaping
and retaining wall and construction of
Red Oak parking lot improvements and
ornamental gate/sign completed.
Anna
Scoreboards have been received and
installation is being contracted through
Parks Department; reviewing options for
Facility Attendant staff at Stuart.
Ray
Kluber Architects and Engineers was
contacted to develop options for the
trellis. Multiple options were presented
and one was chosen. A cost estimate was
also generated and will be used for
budgeting in 2016/2017.
Greg, Nate, Mike, Ray
ADA non-compliances at neighborhood
parks addressed through park renovation
projects- 2016/16 projects include Austin
Park, Birmingham Park, Lincoln Park and
Palmer Park. Notable additional ADA
related improvements completed in
2015/16include Red Oak cave
accessibility, Boxing Club
parking/sidewalk improvements, and
Lincoln Park playground accessibility.
Long-Term
1.A.1.
Implement ADA
improvement plans in
accordance with the
district’s transition plan.
4/30/2018 Jeff
Page 1
#
Objective
1.A.2.
Implement neighborhood
and community park
renovation projects
based upon playground
and facility replacement
needs and schedules.
1.A.3.
Continue park and trail
renovations and athletic
field improvements
according to replacement
schedules.
1.A.4.
Identify opportunities for
improved trail
connectivity.
Estimated
Completion
Date
Dept Head
Responsible
for
Completion
4/30/2018 Jeff
4/30/2018 Mike
4/30/2018 Jeff
for Implementation
Status*
Red=Not Started
Yellow=In Progress
Green=Completed
Greg, Nate
Completed FY 2015/16 park renovation
projects include Austin Park, Birmingham
Park, Lincoln Park and Palmer Park.
Concept planning completed for the
renovation of Cumberland Park. Concept
Planning in progress for Canterbury Park.
Ray
The asphalt work was completed in
October. The athletic field work will be
bid out over the winter months for work
to be completed in the spring.
Jeff
License agreements permitting senior
residental access to Fox River Trrail
completed. Palmer Park trailhead/access
improvements completed. Coordination
with City of Aurora on DuPage bike trail
construction and Riveredge Park river trail
bridge connection on-going.
1.A.5.
Investigate the feasibility
of creating grade
separation between trails
and busy roadways
within the district to
improve upon public
access and safety.
Completed Mike
Ray
Engineering Enterprises Inc. (EEI) was
contacted to look at the Prairie Path
crossing at Farnsworth and the Fox River
Trail west crossing at Illinois Avenue. A
preliminary evaluation was done and EEI
developed a proposal for engineering
work for these crossings. The cost for
engineering design will be discussed
during the 2016/2017 budget process.
1.A.6.
Develop a plan for the
renovation of Stuart
Sports Complex north.
1/29/2016 Jeff
Jeff, Greg
Master Plan concept alternatives and
potential costs under review by staff.
1.A.7.
Evaluate site plan and use
of space at Eola
Community Center.
4/30/2017 Rec
Goal B. Provide diverse and innovative programs and events.
Short-Term
Page 2
#
1.B.1.
Objective
Estimated
Completion
Date
Dept Head
Responsible
for
Completion
Develop comprehensive
programming plans to
coincide with priorities
identified in the
community needs
assessment in:
a. Adult Fitness and
Wellness
b. Youth Sports
c. Aquatics and Learn to
Swim Programs
d. Senior and Active Adult
Programs
e. Nature and Camp
Programs
4/30/2016 Jamie
for Implementation
Status*
Red=Not Started
Yellow=In Progress
Green=Completed
Jamie
Programming committees have been
formed to examine these areas focusing
on the development and implementation
of new programs. The committees are
meeting on a monthly basis to discuss
and implement specific initiatives.
Anna
Staff are securing tournaments with large
organizations to bring participants from
all over the Midwest for 2016.
Margaret
Coordination with District 131 and the
Conservation Foundation to pilot the
Mighty Acorn sprogram at Red Oak
Nature Center on-going.
Long-Term
1.B.1.
Develop a plan to host a
new major event on
district property that has
a regional draw.
1.B.2.
Research needs and
identify partnership
opportunities to offer
additional after school
programs to be hosted at
various school sites.
4/30/2017 Rec
4/30/2017 Rec
Goal C: Develop and maintain positive cooperative relationships & partnerships.
Short-Term
1.C.1.
Develop ad hoc
committee with school
athletic representatives
to collaborate on the
expansion of athletic
leagues and programs.
1.C.2.
Partner and collaborate
with local agencies and
organizations to provide
recreation program
experiences.
1.C.3.
Coordinate with the City
of Aurora on the use and
management of river
shoreline property.
1.C.4.
of Aurora on strategic
intergovernmental
property exchanges.
4/30/2016 Rec
4/30/2018 Rec
4/30/2016 Jeff
4/30/2016 Jeff
Long-Term
Page 3
Anna/Brad
The athletic committee is in the process
of formulating ideas for initiating a formal
athletic advisory committee.
Rec staff
Sports Saturday is an outreach program
for students in District #129.Staff has also
partnered with several organizationsVertical Endeavors, Fox Valley Ice Arena
and Freemans Sports to provide unique
recreational experiences.
Jeff
Coordination with COA Animal Control on
the use of west river shoreline open space
for parking lot expansion completed.
Coordination with COA regarding Aurora
Transporation Center improvement plan,
Riveredge Park and adjacent shoreline
properties on-going.
Jeff
Coordination with COA public works staff
on regional stormwater management
plans on the northeast side and in the
Barrington Park area on-going.
#
Objective
1.C.1.
Collaborate with the City
of Aurora and local
agencies on the
evaluation of using
district community
centers as disaster relief
sites in the event of a
comprehensive
emergency.
1.C.2.
of Aurora on the
acquisition and
development of strategic
open space opportunities
within planning areas
with neighborhood park
open space deficiencies.
1.C.3.
of Aurora on the
implementation of the
Eola Road/Montgomery
Road/Middlebury East
Park regional trail.
Estimated
Completion
Date
Dept Head
Responsible
for
Completion
4/30/2017 Rec
4/30/2018 Jeff
4/30/2017 Jeff
for Implementation
Status*
Red=Not Started
Yellow=In Progress
Green=Completed
Jamie, Facility Managers
Staff has had initial discussions with the
City of Aurora, including a walk-through
of the community centers to conduct
shelter facility survey. An overall plan has
not yet been started.
Jeff
Intergovernmental coordination
regarding the potential acquisition and
park development of strategic sites ongoing.
Jeff
Coordination between COA staff and
consultants and FVPD staff regarding the
use of FVPD corridors as part of future
trail on-going.
Goal D: Provide excellent two-way public communication.
Short-Term
1.D.1.
Develop and implement a
customer reward/loyalty
program.
1.D.2.
Complete signage
updates at Blackberry
Farm and Stuart Sports
Complex.
1.D.3.
Refine website updates
and expand use of social
media communications.
4/30/2016 Rec
4/30/2016 Rec
4/30/2016 Rec
Jamie, Dan
Plans will be developed in conjunction
with the customization of the new
recreation software system which has a
few options to consider.
Dan, Anna, Sandie
Design, fabrication and installation of
Stuart Sports Complex entrance,
informational and directional sign
package completed. Blackberry Farm
signage updates to b ecomleted by May.
Dan
Website improvements are in progress;
implementation and expansion of social
media communication in progress.
Long-Term
1.D.1.
Update the district video
to contain information on
the district’s history and
new accomplishments.
4/30/2017 Rec
Dan
Marketing shall be evaluating video needs
for 2016 and will work with new
Executive Director to establish
direction/key messaging for district video.
1.D.2.
Develop a secret shopper
program.
4/30/2017 Rec
Jamie, Dan, Anna
Initiative has not yet begun.
1.D.3.
Develop plan for adding
kiosks at identified trail
head sites to promote
cross marketing of
facilities and programs.
4/30/2018 Mike
Mike
Not yet started.
Page 4
#
Objective
Estimated
Completion
Date
Dept Head
Responsible
for
Completion
for Implementation
Status*
Red=Not Started
Yellow=In Progress
Green=Completed
Key Strategy 2: Conserve Energy, Natural Resources and Promote Sustainability
Goal A. Provide safe, distinctive and well-maintained parks and facilities.
Short-Term
2.A.1.
Implement site-specific
woodlands management
plans for Lippold Park,
Red Oak Nature Center,
Chesterfield Park, Church
Road Park and
Arrowwood Park.
4/30/2016 Mike
2.A.2.
Implement the Emerald
Ash Borer replacement
plan.
2.A.3.
of Aurora on the
management of lakes and
ponds.
4/30/2015 Mike
4/30/2016 Mike
Joe
We have worked with both contracted
labor, volunteers and staff to remove a
large amount of invasives at each
location. Staff will be seeding with a
native seed mix in late November or
December on these sites. Plugs will also
be used where needed in the spring.
Joe
Maps have been created for the final year
of Ash removal which will occur over the
winter. Staff has also utilized a consultant
to start mapping all other trees in the
District and this data, along with the Ash
removal data will be used to begin our
replacement in the spring of 2016.
Mike
Park District staff have been working with
various City of Aurora staff to establish a
list of lakes and ponds that should be
analyzed for possible future work and
what that work should consist of.
Nate, Greg
Jericho Lake Park nature based play area
on hold, pending IDNR notification of
OSLAD grant funding.
Nate, Greg
Acquisition of Williams/Reckinger Road
property completed. Evaluation of
potential acquisitions on going.
Long-Term
2.A.1.
As feasible, incorporate
natural features into the
design and construction
of nature-based play
areas.
2.A.2.
Identify and evaluate key
sites for potential land
acquisition in accordance
with the District’s Open
Space and Revitalization
Initiative, and Land
Acquisition Goals and
Guidelines.
4/30/2018 Jeff
4/30/2018 Jeff
Goal B. Incorporate sustainability in planning, construction and operations.
Short-Term
2.B.1.
Develop energy use
guidelines and protocol
within facilities to reduce
energy consumption
during peak volume and
demand.
4/30/2016 Rec
Facility Managers, Jamie
Page 5
Conducted energy walk-throughs to
identify opportunities to minimize energy.
Facility Managers are identifying priorities
and developing implementation plans.
#
2.B.2.
Estimated
Completion
Date
Objective
Apply the district’s
Sustainable Design
Considerations checklist
for parks and facilities to
the design and
construction of capital
projects.
Dept Head
Responsible
for
Completion
4/30/2016 Jeff
for Implementation
Status*
Red=Not Started
Yellow=In Progress
Green=Completed
Greg, Nate
Assessment and implementation of
Palmer Park improvements completed.
Sustainability assessment of playground
renovation projects on going as plans
developed.
Greg
Construction of permeable paver parking
lot and bio-swale drainage on hold
pending release of IDNR OSLAD grant
funding.
Greg, Nate
Construction of nature play area at
Jericho Lake Park on hold pending release
if IDNR OSLAD grant funding. Nature
themed play elements and details
constructed at Austin Park
Facility Managers, Dan
Not yet started.
Long-Term
2.B.1.
Identify opportunities to
utilize “green
infrastructure” in the
design and construction
of storm water
management systems.
2.B.2.
Identify opportunities to
expand the scope of
nature-based play to
include natural features
and sustainability related
interpretive interactives
and signage.
2.B.3
Create public information
exhibits for community
centers describing districtrelated sustainability
efforts.
4/30/2017 Rec
4/30/2018 Jeff
4/30/2018 Jeff
Key Strategy 3: Strengthen Financial Performance
Goal A. Reduce reliance on tax revenues.
Short-Term
Cathy, Debbie
Volunteer participation remains strong
and formalizing the FVPD partnership
position has led to a significant increase in
revenues to support events and new
opportunities. Over $115,000 raised.
Develop and implement
business and promotional
strategy to maximize
revenue potential for
Stuart Sports Complex.
4/30/2016 Rec
Dan, Anna
Developed marketing materials and
upgraded web presence to include
Google map, clickable forms and easy
contact information. Will continue to
refine our target audience, explore
potential partnerships and tactics to drive
interest.
3.A.1.
Determine indirect costs
for services and review
Revenue and Fee Policy.
4/30/2017 Rec
Dept. head, Jamie
Not yet started.
3.A.2.
Develop plan to reduce
cost of participant
program supplies.
4/30/2017 Rec
Jamie
Not yet started.
3.A.1.
3.A.2.
Expand use of volunteers
and sponsorships.
4/30/2016 Rec
Long-Term
Goal B. Ensure appropriate funding availability for operations and maintenance.
Page 6
#
Objective
Estimated
Completion
Date
Dept Head
Responsible
for
Completion
for Implementation
Status*
Red=Not Started
Yellow=In Progress
Green=Completed
Short-Term
3.B.1.
Develop a plan for the
selection,
implementation and
funding of a new
recreation software
system.
6/15/2016 Diana/Rec
Jaime Ijams
Selection of software has been completed
and the implementation is underway.
3.B.2.
Evaluate need for
expanded garage and
storage space at the Park
District Police and Public
Safety facility and
determine source of
funding.
Completed Mark
Mark
It was determined that in order to better
preserve our police fleet, added space is
necessary. Currently we have garage
space for 6 vehicles and there are an
additional 6 parked outside year round.
There is adequate space for a structure
on District owned property directly south
of the police office.Funding will be
addressed in the 2016-2017 police
budget.
3.B.3.
Develop options for the
2015 tax levy regarding
capital funding.
3/15/2015 Diana
Diana
This is an annual process.
Diana/Jennifer
The District will be compliant by this time.
Long-Term
3.B.1.
Implement GASB 68
accounting for pension
reporting.
2017
Diana
Key Strategy 4: Achieve Excellence in Organizational Planning, Administration & Operations
Goal A. Create and maintain comprehensive plans.
Short-Term
4.A.1.
Develop plan for
Healthcare Reform
requirements.
4.A.2.
Develop a recruitment
plan to ensure that, due
to attrition, open law
enforcement positions
are promptly filled.
4.A.3.
Develop plan to
implement new elected
officials legislation.
2018
Diana
4/30/2016 Mark
Executive
Long-Term
Page 7
Diana/Jolene/Lynn/Jadie
This is an ongoing compliance issue.
Mark
Staff has experienced an extremely high
rate of attrition during the past few
months. The vacancies are primarily due
to staff relocating out of the area. These
vacancies are going unfilled. We are
constantly advertizing for applicants and
receiving applications but the
overwhelming majority, do not meet
minimum qualifications for the position.
Research shows that we are losing
qualified candidates to other area
departments primarily due to our entry
level rate of pay. The rate is approx 30%
less than other area departments.A
comprehensive review of our recruitment
effort will be addressed in the 2016-2017
budget.
#
Objective
4.A.1.
Develop a long-range
plan for the GIS system.
4.A.2.
Develop a post disaster
recovery plan.
Estimated
Completion
Date
Dept Head
Responsible
for
Completion
4/30/2018 Mike
2016
Diana
for Implementation
Status*
Red=Not Started
Yellow=In Progress
Green=Completed
Joe
A core team was established from the
Parks and Planning Departments to kick
off this item.
John
Most of the research has been
completed.
Jamie
Monthly reports are now being included
in the Board packet. Seasonal program
and facility reports will be re-developed
during the implementation on the new
recreation software system using its
customizable reporting options.
Goal B. Improve efficiency and effectiveness.
Short-Term
4.B.1.
Develop and implement
the use of key measure
reports for seasonal
operations,
memberships,
programming and facility
use.
4.B.2.
Improve customer
experience at Orchard
Valley Golf Course and
Restaurant.
4/30/2016 Rec
Dept. head
The Orchard Valley Golf Course
enhamncement plan is on-ging. Draft
recommendations have been presented
to the ad hoc advisory committee.
4.B.3.
Implement Munis HR
Training module.
1/1/2016
Lynn/Jadie
This is on hold until we complete the
FitHR program to anaylis it's effectiveness
4.B.4.
Update and implement
the district-wide
technology
enhancement,
replacement and
procurement plan.
Diana/Jon
A replacement schedule has been
completed and further discussion
regarding procurement plan will contine
with the Executive Director.
4.B.5.
Prepare for CALEA
reaccreditation.
Mark
Ongoing, the onsite evaluation is
scheduled December 4th.
4.B.6.
Investigate options for
multi-year reporting
through Munis financial
software system.
Completed Diana
Diana
We are now able to run multi-year
reports.
4.B.7
Develop a summarized
annual financial
document.
Completed Diana
Jennifer
This report is now on the District website.
Mark
Completed. With the upgraded software,
the squad car cameras are being
downloaded automatically when the
squads return to the garage at the
completion of each shift. The images are
stored on a dedicated computer in the
police office for later review or as
evidence.
Jennifer
This will be completed when our lease is
due to expire in June 2016.
4.B.8.
4/30/2016 Rec
Diana
4/30/2016 Executive
Evaluate squad car video
software and implement
technology that
downloads images
efficiently
Long-Term
4.B.1.
Develop plan for copier
and postage lease
renewal.
2016
Diana
Page 8
#
Objective
4.B.2.
Evaluate the feasibility of
entering work requests
through Manager Plus
online.
4.B.3.
Investigate the feasibility
of linking work order
requests to the GIS
system.
Estimated
Completion
Date
Dept Head
Responsible
for
Completion
for Implementation
Status*
Red=Not Started
Yellow=In Progress
Green=Completed
Joe
The internal request module is complete
and the online access with be tested as
we move forward with upgrades to this
system.
4/30/2018 Mike
Joe
Staff has begun to investigate different
work order systems as well as look at the
capabilities of Manager Plus.
4.B.4.
Evaluate the feasibility of
making park reservations
online.
5/1/2016
Jennifer
This project will be part of the registration
software implementation.
4.B.5.
Develop informational
reports utilizing
PRORAGIS data to
compare the Fox Valley
Park District to other
districts, locally and
nationally.
4/30/2018 Executive
Dan/Jeff L
This initiative has not been formalized as
part of the current Proragis system.
4/30/2017 Mike
Diana
Key Strategy 5: Enrich Employee Work Environment
Goal A. Develop employee skills, abilities and knowledge.
Short-Term
We are in the process of the development
of a training and orientation program that
will be customized for each frontline area
Dept. Head, GEM Task Force beginning at the VAC.
5.A.1.
Deliver “Frontline” GEM
training.
5.A.2.
Develop curriculum for
continuation of
Leadership Academy.
5.A.3.
Develop multi-year
training and education
plans for staff.
4/30/2016 Rec
Jamie
5.A.4
Provide training for the
enhanced law
enforcement records
management system.
Completed Mark
Mark
5.A.5
Provide NIMS 200
training for emergency
responders.
Comleted
Mark
Many of our officers have gone onto 300
and 400 level training.
Jamie, Dan
This will be rolled out in the next series of
Rec Academy trainings.
4/30/2017 Rec
Executive
Mark
Initial planning is underway to develop
internal and external training plans.
Long-Term
5.A.1.
Develop quality standards
and train team members
on the incorporation of
the approach in program
and event planning.
4/30/2017 Rec
Page 9
#
5.A.2.
Objective
Through frontline GEM
training, evaluate
opportunities to engage
customers and generate
increased
program/membership
participation.
Estimated
Completion
Date
Dept Head
Responsible
for
Completion
4/30/2017 Rec
Status*
Red=Not Started
Yellow=In Progress
Green=Completed
for Implementation
Jamie, Anna, Dan
Not yet started.
Goal B. Maintain employee satisfaction and loyalty.
Short-Term
5.B.1.
Review full-time salary
ranges and make
recommendations to the
board.
12/1/2015 Diana
Lynn
This project is almost completed waiting
for Executive Director input.
5.B.2.
Provide employees
information on health
and wellness to help
improve employee
health, lessen
occupational injuries,
reduce absences and
increase productivity .
Completed Diana
Lynn/Jadie
Information is sent out to employees on a
bi-weekly basis.
Lynn
This is on a 3 year cycle.
Long-Term
5.B.1.
Review part-time wage
ranges and make
recommendations to the
board.
2017
Diana
Goal C. Improve upon inter-departmental relationships, communication and support.
Short-Term
5.C.1.
Pilot a “lunch bunch”
roundtable discussion to
share district news on
projects, plans and
programs.
5.C.2.
Formalize a work flow
process where affected
departments sign off at
various stages of project
development and
implementation.
2/15/2016 Diana
4/30/2016 Mike
Diana
This project will be discussed with the
incoming Executive Director
Mike
A web based software system was chosen
to move forward with this item and the
expansion of this system will be discussed
with the incoming Executive Director.
Key Strategy 6: Enhance Public and Employee Safety and Security
Goal A. Provide the safest possible environment for the public and employees.
Short-Term
6.A.1.
Prepare district for Loss
Control review by
PDRMA.
6.A.2.
Research opportunities
for safety related grants.
11/15/2015 Diana
4/30/2016 Diana
Page 10
John
All of the information is in and we are
waiting for our final scores.
John
The Risk Manager is always looking for
safety related grant opporuntities on all
levels including Federal, State and Local.
#
Objective
6.A.3.
Develop an
intergovernmental
emergency response plan
for Stuart Sports
Complex.
6.A.4.
Research installing
backup warning devices
on park district vehicles.
Estimated
Completion
Date
Dept Head
Responsible
for
Completion
Completed Mark
Completed Mike
Status*
Red=Not Started
Yellow=In Progress
Green=Completed
for Implementation
Mark
A meeting was held at the Complex on
July 1st . Representatives of all the
responsible jurisdictions were in
attendance and we feel very comfortable
that we have in place a very
comprehensive plan.
Ray
Vehicles without back-up warning devices
were inventoried and the devices have
been purchased for installation. This will
occur over the winter.
Goal B. Increase safety awareness throughout the District.
Short-Term
6.B.1.
Enhance the summer
playground program to
interact with public safety
personnel regularly.
Completed Mark
Mark
A PSO was added to assist our officers in
visiting the playgrounds. On June 25th, a
picnic was held at McCullough Park.
Approximately 250 children were in
attendance. Also in attendance were
representatives from 5 other law
enforcement or fire agencies that brought
equipment for the program participants
to view and interact with.
6.B.2.
Update the Park Police
and Public Safety website
page quarterly.
Mark
Completed
Comleted
Mark
Page 11
5.8
DATE:
November 9, 2015
TO:
FROM:
Diana Erickson, Director of Finance & Administration
RE:
Fitness Equipment – Eola Community Center
RECOMMENDATION: Approve the bids to purchase strength fitness equipment for the
Eola Community Center from Life Fitness in the amount of $22,394 and Direct Fitness Solutions
in the amount of $46,990. The combined total purchase amount is $69,384.
BACKGROUND: $88,600 was budgeted in the 2015/16 recreation/capital fund for
replacement of fitness/strength equipment at the Eola Community Center. This equipment
typically has a life span of 10 years, which occurs this year. In addition, modernization features,
include ADA compatibility and safety, are essential to remain current with the competition.
To maintain the high standards of quality and member satisfaction, this comparable and updated
equipment is recommended. This equipment is only available through these two vendors and
thus is a sole source provider. This sole source procurement process has been reviewed by
Attorney Hodge.
REASON FOR BOARD REQUIRED ACTION: Board of Trustee approval is required in
accordance with the District purchasing policy and State Statute.
REVIEW BY OTHERS: This recommendation has been reviewed by the Facility Manager,
Fitness Manager, Director of Finance and Administration and Attorney Hodge.
FINANCIAL IMPACT:
The combined total purchase amount is $69,384.
PRESENTER: Diana Erickson, Director of Finance & Administration
6.1
NOVEMBER IS VETERANS RECOGNITION MONTH
A PROCLAMATION BY THE
November 11th has long been a day to reflect on the sacrifices made by those who serve in our
Armed Forces. It began in 1919 with the proclamation of Armistice Day by President Woodrow
Wilson to commemorate the end of the World War I. The name was changed to Veterans Day by
President Dwight D. Eisenhower and the 83rd United States Congress following the end of
World War II. We continue to mark November 11th each year as a time to recall the service of
our Soldiers, Sailors, Airmen, Marines and Coast Guardsmen as well as our National Guard and
Reserves.
As we observe Veterans Day this November, we recognize the vital contributions of those in our
community who have proudly served in our Armed Forces. These dedicated men and women
have placed the security of our nation as their top priority. We realize the children and spouses of
active military members endure many hardships while their family member is away serving our
country. The sacrifices these families make continually remind us of the blessings of freedom
and the limitless opportunities we enjoy in the United States. Some of those opportunities are
offered through our public parks and recreation systems as citizens have the freedom to enjoy
recreation programming and leisure activities as well as aid in conservation efforts. Parks and
recreation activities offer people a chance to come together and experience a sense of community
in a similar way that our troops work together for a common goal—both giving our great nation
its continued strength and vitality.
THEREFORE, the Fox Valley Park District does hereby proclaim the month of November as Veterans
Appreciation Month. We call upon park and recreation supporters to join us in recognizing the important
contributions of our nation’s armed forces.
WE DO ALSO RESOLVE that during Veterans Recognition Month, we urge all citizens to express
gratitude to and recognize the sacrifice and valor of our active and former servicemen and women.
Signed this __________________ day of _________________________
(Month)
(Year)
By _______________________________________________________
(Fox Valley Park District Board President)
9.1
11.1
DATE:
November 9, 2015
TO:
FROM:
Diana Erickson, Director of Finance and Administration
RE:
General Obligation Bond Sale and Refunding Park Bonds
RECOMMENDATION: Approve Ordinances associated with the providing for the issue of
approximately $3,420,000 General Obligation Limited Tax Park Bonds, Series 2015A,
approximately $26,140,000 General Obligation Limited Refunding Park Bonds, Series 2015B
including an Escrow Agreement in connection with 2015B Refunding Bond.
BACKGROUND:
The district held the required Bond Issue Notification Act (BINA) public
hearing for the bond sale on August 10, 2015. The bond sale went out for public bid, and final
bids were submitted electronically. Final results of the bond sale and the ordinances will be
presented by David Phillips of Speer Financial at the board meeting.
The proceeds from this bond sale will be used for the payment of land acquisition for parks, the
restoring, building, maintaining, improving these new projects and existing land and facilities of
the district.
REASON FOR BOARD REQUIRED ACTION: The district will be able to complete capital
projects as well as paying for some existing debt.
REVIEW BY OTHERS: The District’s financial advisor, Speer Financial, Inc. and bond
counsel, Chapman and Cutler LLP.
FINANCIAL IMPACT: The principal amount of the obligation to be issued is estimated at
$3,420,000 and the refunding estimated at $26,140,000 as finalized on the day of pricing.
PRESENTER: Diana Erickson, Director of Finance and Administration
ORDINANCE NO. 463
AN ORDINANCE providing for the issue of $____________ General
Obligation Limited Tax Park Bonds, Series 2015A, of the Fox
Valley Park District, Kane, DuPage, Kendall and Will Counties,
Illinois, for the payment of land for parks, for the building,
maintaining, improving and protecting of the same and the existing
land and facilities of said Park District and for the payment of the
expenses incident thereto, providing for the levy of a direct annual
tax to pay the principal and interest on said bonds, and authorizing
the sale of said bonds to the purchaser thereof.
*
*
*
WHEREAS, the Fox Valley Park District, Kane, DuPage, Kendall and Will Counties,
Illinois (the “District”), is a duly organized and existing Park District created under the
provisions of the laws of the State of Illinois, and is now operating under the provisions of the
Park District Code of the State of Illinois, and all laws amendatory thereof and supplementary
thereto (the “Act”); and
WHEREAS, the needs of the District require the expenditure of not less than the sum of
$______________ for the payment of land condemned or purchased for parks, for the building,
maintaining, improving and protecting of the same and the existing land and facilities of the
District and for the payment of the expenses incident thereto (the “Project”), all in accordance
with the preliminary plans and estimate of cost heretofore approved by the Board of Trustees of
the District (the “Board”) and now on file in the office of the Secretary of the Board; and
WHEREAS, the Board finds that it does not have sufficient funds on hand for the purpose
aforesaid, and that the cost thereof will be not less than $_____________, and that it is necessary
and for the best interests of the District that it borrow the sum of $_____________ and issue
bonds of the District to evidence the borrowing; and
WHEREAS, pursuant to and in accordance with the provisions of the Bond Issue
Notification Act of the State of Illinois, as amended, the President of the Board, on the 25th day
of August, 2015, executed an Order calling a public hearing (the “Hearing”) for the 21st day of
September, 2015, concerning the intent of the Board to sell bonds in the amount of
$4,000,000 for the Project; and
WHEREAS, notice of the Hearing was given (i) by publication at least once not less than
seven (7) nor more than thirty (30) days before the date of the Hearing in the Beacon News, the
same being a newspaper of general circulation in the District, and (ii) by posting at least 72 hours
before the Hearing a copy of said notice at the principal office of the Board, which notice was
continuously available for public review during the entire 72-hour period preceding the Hearing;
and
WHEREAS, the Hearing was held on the 21st day of September, 2015, and at the Hearing,
the Board explained the reasons for the proposed bond issue and permitted persons desiring to be
heard an opportunity to present written or oral testimony within reasonable time limits; and
WHEREAS, the Hearing was finally adjourned on the 21st day of September, 2015; and
WHEREAS, the Board does hereby find and determine that it is authorized at this time to
issue bonds in the amount of $4,000,000 for the Project; and
WHEREAS, the Board deems it advisable, necessary and for the best interests of the
District that $______________ of the bonds so authorized be issued at this time; and
WHEREAS, the Board does hereby find and determine that (a) said bonds shall be issued
as limited bonds under the provisions of the Local Government Debt Reform Act of the State of
Illinois, as amended (the “Debt Reform Act”), and (b) upon the issuance of the $___________
General Obligation Limited Tax Park Bonds, Series 2015A, now proposed to be issued, the
aggregate outstanding unpaid bonded indebtedness of the District, including said bonds, will not
exceed .575% of the total assessed valuation of all taxable property in the District as last
equalized and determined, and pursuant to the provisions of the Debt Reform Act and
-2-
Section 6-4 of the Act, it is not necessary to submit the proposition of issuing said bonds to the
voters of the District for approval:
NOW, THEREFORE, Be It Ordained by the Board of Trustees of the Fox Valley Park
District, Kane, DuPage, Kendall and Will Counties, Illinois, as follows:
Section 1.
Incorporation of Preambles. The Board hereby finds that all of the recitals
contained in the preambles to this Ordinance are full, true and correct and does incorporate them
into this Ordinance by this reference.
Section 2.
Authorization. It is hereby found and determined that the District has been
authorized by law to borrow the sum of $4,000,000 upon the credit of the District and as
evidence of such indebtedness to issue bonds of the District in said amount, the proceeds of said
bonds to be used for the purpose of paying the cost of the Project, and it is necessary and for the
best interests of the District that there be issued at this time $_____________ of the bonds so
authorized.
Section 3.
Bond Details. There be borrowed on the credit of and for and on behalf of
the District the sum of $_____________ for the purpose aforesaid; and that bonds of the District
(the “Bonds”) shall be issued in said amount and shall be designated “General Obligation
Limited Tax Park Bonds, Series 2015A.” The Bonds shall be dated December 1, 2015, and shall
also bear the date of authentication, shall be in fully registered form, shall be in denominations of
$5,000 each and authorized integral multiples thereof (but no single Bond shall represent
installments of principal maturing on more than one date), shall be numbered 1 and upward, and
the Bonds shall become due and payable serially (without option of prior redemption) on
December 15 of each of the years, in the amounts and bearing interest per annum as follows:
-3-
YEAR OF
MATURITY
2016
2017
2018
PRINCIPAL
AMOUNT
$
RATE OF
INTEREST
%
%
%
The Bonds shall bear interest from their date or from the most recent interest payment
date to which interest has been paid or duly provided for, until the principal amount of the Bonds
is paid, such interest (computed upon the basis of a 360-day year of twelve 30-day months) being
payable on June 15 and December 15 of each year, commencing on June 15, 2016. Interest on
each Bond shall be paid by check or draft of Amalgamated Bank of Chicago, Chicago, Illinois
(the “Bond Registrar”), payable upon presentation in lawful money of the United States of
America, to the person in whose name such Bond is registered at the close of business on the
1st day of the month of the interest payment date. The principal of the Bonds shall be payable in
lawful money of the United States of America at the principal corporate trust office of the Bond
Registrar.
The Bonds shall be signed by the manual or facsimile signatures of the President and
Secretary of the Board, and shall be countersigned by the manual or facsimile signature of the
Treasurer of the Board, as they shall determine, and the seal of the District shall be affixed
thereto or printed thereon, and in case any officer whose signature shall appear on any Bond
shall cease to be such officer before the delivery of such Bond, such signature shall nevertheless
be valid and sufficient for all purposes, the same as if such officer had remained in office until
delivery. If the Secretary or the Treasurer of the Board is unable to perform the duties of his or
her respective office, then their duties under this Ordinance shall be performed by the Assistant
Secretary or the Assistant Treasurer of the Board, respectively.
All Bonds shall have thereon a certificate of authentication substantially in the form
hereinafter set forth duly executed by the Bond Registrar as authenticating agent of the District
-4-
and showing the date of authentication. No Bond shall be valid or obligatory for any purpose or
be entitled to any security or benefit under this Ordinance unless and until such certificate of
authentication shall have been duly executed by the Bond Registrar by manual signature, and
such certificate of authentication upon any such Bond shall be conclusive evidence that such
Bond has been authenticated and delivered under this Ordinance.
The certificate of
authentication on any Bond shall be deemed to have been executed by the Bond Registrar if
signed by an authorized officer of the Bond Registrar, but it shall not be necessary that the same
officer sign the certificate of authentication on all of the Bonds issued hereunder.
Section 4.
Registration of Bonds; Persons Treated as Owners. (a) General. The
District shall cause books (the “Bond Register”) for the registration and for the transfer of the
Bonds as provided in this Ordinance to be kept at the principal corporate trust office of the Bond
Registrar, which is hereby constituted and appointed the registrar of the District. The District is
authorized to prepare, and the Bond Registrar shall keep custody of, multiple Bond blanks
executed by the District for use in the transfer and exchange of Bonds.
Upon surrender for transfer of any Bond at the principal corporate trust office of the
Bond Registrar, duly endorsed by, or accompanied by a written instrument or instruments of
transfer in form satisfactory to the Bond Registrar and duly executed by, the registered owner or
his attorney duly authorized in writing, the District shall execute and the Bond Registrar shall
authenticate, date and deliver in the name of the transferee or transferees a new fully registered
Bond or Bonds of the same maturity of authorized denominations, for a like aggregate principal
amount. Any fully registered Bond or Bonds may be exchanged at said office of the Bond
Registrar for a like aggregate principal amount of Bond or Bonds of the same maturity of other
authorized denominations. The execution by the District of any fully registered Bond shall
constitute full and due authorization of such Bond and the Bond Registrar shall thereby be
-5-
authorized to authenticate, date and deliver such Bond, provided, however, the principal amount
of outstanding Bonds of each maturity authenticated by the Bond Registrar shall not exceed the
authorized principal amount of Bonds for such maturity less previous retirements.
The Bond Registrar shall not be required to transfer or exchange any Bond during the
period beginning at the close of business on the 1st day of the month of any interest payment
date on such Bond and ending at the opening of business on such interest payment date.
The person in whose name any Bond shall be registered shall be deemed and regarded as
the absolute owner thereof for all purposes, and payment of the principal of or interest on any
Bond shall be made only to or upon the order of the registered owner thereof or his legal
representative. All such payments shall be valid and effectual to satisfy and discharge the
liability upon such Bond to the extent of the sum or sums so paid.
No service charge shall be made for any transfer or exchange of Bonds, but the District or
the Bond Registrar may require payment of a sum sufficient to cover any tax or other
governmental charge that may be imposed in connection with any transfer or exchange of Bonds.
(b)
Global Book-Entry System. The Bonds shall be initially issued in the form of a
separate single fully registered Bond for each of the maturities of the Bonds determined as
described in Section 3 hereof. Upon initial issuance, the ownership of each such Bond shall be
registered in the Bond Register in the name of Cede & Co., or any successor thereto (“Cede”), as
nominee of The Depository Trust Company, New York, New York, and its successors and
assigns (“DTC”). All of the outstanding Bonds shall be registered in the Bond Register in the
name of Cede, as nominee of DTC, except as hereinafter provided. The President and Secretary
of the Board, the chief administrative and executive officer and chief financial officer of the
District and the Bond Registrar are each authorized to execute and deliver, on behalf of the
District, such letters to or agreements with DTC as shall be necessary to effectuate such
-6-
book-entry system (any such letter or agreement being referred to herein as the “Representation
Letter”), which Representation Letter may provide for the payment of principal of or interest on
the Bonds by wire transfer.
With respect to Bonds registered in the Bond Register in the name of Cede, as nominee
of DTC, the District and the Bond Registrar shall have no responsibility or obligation to any
broker-dealer, bank or other financial institution for which DTC holds Bonds from time to time
as securities depository (each such broker-dealer, bank or other financial institution being
referred to herein as a “DTC Participant”) or to any person on behalf of whom such a DTC
Participant holds an interest in the Bonds. Without limiting the immediately preceding sentence,
the District and the Bond Registrar shall have no responsibility or obligation with respect to
(i) the accuracy of the records of DTC, Cede or any DTC Participant with respect to any
ownership interest in the Bonds, (ii) the delivery to any DTC Participant or any other person,
other than a registered owner of a Bond as shown in the Bond Register, of any notice with
respect to the Bonds, including any notice of redemption, or (iii) the payment to any DTC
Participant or any other person, other than a registered owner of a Bond as shown in the Bond
Register, of any amount with respect to the principal of or interest on the Bonds. The District
and the Bond Registrar may treat and consider the person in whose name each Bond is registered
in the Bond Register as the holder and absolute owner of such Bond for the purpose of payment
of principal and interest with respect to such Bond, for the purpose of giving notices of
redemption and other matters with respect to such Bond, for the purpose of registering transfers
with respect to such Bond, and for all other purposes whatsoever. The Bond Registrar shall pay
all principal of and interest on the Bonds only to or upon the order of the respective registered
owners of the Bonds, as shown in the Bond Register, or their respective attorneys duly
authorized in writing, and all such payments shall be valid and effective to fully satisfy and
-7-
discharge the District’s obligations with respect to payment of the principal of and interest on the
Bonds to the extent of the sum or sums so paid. No person other than a registered owner of a
Bond as shown in the Bond Register, shall receive a Bond evidencing the obligation of the
District to make payments of principal and interest with respect to any Bond. Upon delivery by
DTC to the Bond Registrar of written notice to the effect that DTC has determined to substitute a
new nominee in place of Cede, and subject to the provisions in Section 3 hereof with respect to
the payment of interest to the registered owners of Bonds at the close of business on the 1st day
of the month of the applicable interest payment date, the name “Cede” in this Ordinance shall
refer to such new nominee of DTC.
In the event that (i) the District determines that DTC is incapable of discharging its
responsibilities described herein and in the Representation Letter, (ii) the agreement among the
District, the Bond Registrar and DTC evidenced by the Representation Letter shall be terminated
for any reason or (iii) the District determines that it is in the best interests of the beneficial
owners of the Bonds that they be able to obtain certificated Bonds, the District shall notify DTC
and DTC Participants of the availability through DTC of certificated Bonds and the Bonds shall
no longer be restricted to being registered in the Bond Register in the name of Cede, as nominee
of DTC. At that time, the District may determine that the Bonds shall be registered in the name
of and deposited with such other depository operating a universal book-entry system, as may be
acceptable to the District, or such depository’s agent or designee, and if the District does not
select such alternate universal book-entry system, then the Bonds may be registered in whatever
name or names registered owners of Bonds transferring or exchanging Bonds shall designate, in
accordance with the provisions of Section 4(a) hereof.
Notwithstanding any other provisions of this Ordinance to the contrary, so long as any
Bond is registered in the name of Cede, as nominee of DTC, all payments with respect to
-8-
principal of and interest on such Bond and all notices with respect to such Bond shall be made
and given, respectively, in the name provided in the Representation Letter.
Section 5.
Form of Bond. The Bonds shall be in substantially the following form;
provided, however, that if the text of the Bond is to be printed in its entirety on the front side of
the Bond, then paragraph [2] and the legend, “See Reverse Side for Additional Provisions”, shall
be omitted and paragraphs [6] through [9] shall be inserted immediately after paragraph [1]:
-9-
[Form of Bond - Front Side]
REGISTERED
NO. ______
REGISTERED
$_________
UNITED STATES OF AMERICA
STATE OF ILLINOIS
COUNTIES OF KANE, DUPAGE, KENDALL AND WILL
GENERAL OBLIGATION LIMITED TAX PARK BOND, SERIES 2015A
See Reverse Side for
Additional Provisions
Interest
Rate: ____%
Maturity
Date: December 15, 20__
Dated
Date: December 1, 2015
CUSIP 351592 __
Registered Owner:
Principal Amount:
[1]
KNOW ALL PERSONS BY THESE PRESENTS, that the Fox Valley Park District, Kane,
DuPage, Kendall and Will Counties, Illinois (the “District”), hereby acknowledges itself to owe
and for value received promises to pay to the Registered Owner identified above, or registered
assigns as hereinafter provided, on the Maturity Date identified above, the Principal Amount
identified above and to pay interest (computed on the basis of a 360-day year of twelve 30-day
months) on such Principal Amount from the date of this Bond or from the most recent interest
payment date to which interest has been paid at the Interest Rate per annum set forth above on
June 15 and December 15 of each year, commencing June 15, 2016, until said Principal Amount
is paid. Principal of this Bond is payable in lawful money of the United States of America upon
presentation and surrender hereof at the principal corporate trust office of Amalgamated Bank of
Chicago, Chicago, Illinois, as bond registrar and paying agent (the “Bond Registrar”). Payment
of the installments of interest shall be made to the Registered Owner hereof as shown on the
-10-
registration books of the District maintained by the Bond Registrar at the close of business on the
1st day of the month of each interest payment date and shall be paid by check or draft of the
Bond Registrar, payable upon presentation in lawful money of the United States of America,
mailed to the address of such Registered Owner as it appears on such registration books or at
such other address furnished in writing by such Registered Owner to the Bond Registrar.
[2]
Reference is hereby made to the further provisions of this Bond set forth on the
reverse hereof and such further provisions shall for all purposes have the same effect as if set
forth at this place.
[3]
It is hereby certified and recited that all conditions, acts and things required by law
to exist or to be done precedent to and in the issuance of this Bond did exist, have happened,
been done and performed in regular and due form and time as required by law; that the
indebtedness of the District, including the issue of bonds of which this is one, does not exceed
any limitation imposed by law; and that provision has been made for the collection of a direct
annual tax to pay the interest hereon as it falls due and also to pay and discharge the principal
hereof at maturity. Although this Bond constitutes a general obligation of the District and no
limit exists on the rate of said direct annual tax, the amount of said tax is limited by the
provisions of the Property Tax Extension Limitation Law of the State of Illinois, as amended (the
“Law”). The Law provides that the annual amount of the taxes to be extended to pay the issue
of Bonds of which this Bond is one and all other limited bonds (as defined in the Local
Government Debt Reform Act of the State of Illinois, as amended) heretofore and hereafter
issued by the District shall not exceed the debt service extension base (as defined in the Law) of
the District (the “Base”), as more fully described in the proceedings of the District providing for
the issue of this Bond. Payments on the Bonds from the Base will be made on a parity with the
payments on the outstanding limited bonds heretofore issued by the District. The District is
-11-
authorized to issue from time to time additional limited bonds payable from the Base, as
permitted by law, and to determine the lien priority of payments to be made from the Base to pay
the District’s limited bonds.
[4]
This Bond shall not be valid or become obligatory for any purpose until the
certificate of authentication hereon shall have been signed by the Bond Registrar.
-12-
[5]
IN WITNESS WHEREOF, said Fox Valley Park District, Kane, DuPage, Kendall and
Will Counties, Illinois, by its Board of Trustees, has caused this Bond to be signed by the manual
or duly authorized facsimile signatures of the President and Secretary of said Board of Trustees,
and to be countersigned by the manual or duly authorized facsimile signature of the Treasurer
thereof, and has caused the seal of the District to be affixed hereto or printed hereon, all as of the
Dated Date identified above.
SPECIMEN
President, Board of Trustees
(SEAL)
SPECIMEN
Secretary, Board of Trustees
Countersigned:
SPECIMEN
Treasurer, Board of Trustees
Date of Authentication: ___________, 20__
CERTIFICATE
Bond Registrar and Paying Agent:
Amalgamated Bank of Chicago,
Chicago, Illinois
OF
AUTHENTICATION
This Bond is one of the Bonds described
in the within mentioned ordinance and is
one of the General Obligation Limited Tax
Park Bonds, Series 2015A, of the Fox
Valley Park District, Kane, DuPage, Kendall
and Will Counties, Illinois.
AMALGAMATED BANK OF CHICAGO,
as Bond Registrar
By
SPECIMEN
Authorized Officer
-13-
[Form of Bond - Reverse Side]
KANE, DUPAGE, KENDALL AND WILL COUNTIES, ILLINOIS
GENERAL OBLIGATION LIMITED TAX PARK BOND, SERIES 2015A
[6]
This Bond is one of a series of bonds issued by the District for the payment of land
condemned or purchased for parks, for the building, maintaining, improving and protecting of
the same and the existing land and facilities of the District and for the payment of the expenses
incident thereto, pursuant to and in all respects in full compliance with the provisions of the Park
District Code of the State of Illinois, and the Local Government Debt Reform Act of the State of
Illinois, and all laws amendatory thereof and supplementary thereto, and is authorized by the
Board of Trustees of the District by an ordinance duly and properly adopted for that purpose, in
all respects as provided by law.
[7]
This Bond is transferable by the Registered Owner hereof in person or by his
attorney duly authorized in writing at the principal corporate trust office of the Bond Registrar in
Chicago, Illinois, but only in the manner, subject to the limitations and upon payment of the
charges provided in the authorizing ordinance, and upon surrender and cancellation of this Bond.
Upon such transfer a new Bond or Bonds of authorized denominations of the same maturity and
for the same aggregate principal amount will be issued to the transferee in exchange therefor.
[8]
The Bonds are issued in fully registered form in the denomination of $5,000 each or
authorized integral multiples thereof. This Bond may be exchanged at the principal corporate
trust office of the Bond Registrar for a like aggregate principal amount of Bonds of the same
maturity of other authorized denominations, upon the terms set forth in the authorizing
ordinance. The Bond Registrar shall not be required to transfer or exchange any Bond during the
-14-
date on such Bond and ending at the opening of business on such interest payment date.
[9]
The District and the Bond Registrar may deem and treat the Registered Owner
hereof as the absolute owner hereof for the purpose of receiving payment of or on account of
principal hereof and interest due hereon and for all other purposes and neither the District nor the
Bond Registrar shall be affected by any notice to the contrary.
(ASSIGNMENT)
FOR VALUE RECEIVED, the undersigned sells, assigns and transfers unto ____________________
______________________________________________________________________________
(Name and Address of Assignee)
the within Bond and does hereby irrevocably constitute and appoint _______________________
______________________________________________________________________________
attorney to transfer the said Bond on the books kept for registration thereof with full power of
substitution in the premises.
Dated: ___________________________
_____________________________
Signature guaranteed: ______________________________
NOTICE:
The signature to this assignment must correspond with the name of the registered
owner as it appears upon the face of the within Bond in every particular, without
alteration or enlargement or any change whatever.
Section 6.
Sale of Bonds. The Bonds hereby authorized shall be executed as in this
Ordinance provided as soon after the passage hereof as may be, and thereupon be deposited with
the Treasurer of the Board, and be by said Treasurer delivered to _______________,
________________, ________________, the purchaser thereof (the “Purchaser”), upon receipt
of the purchase price therefor, the same being $_____________, plus any accrued interest to date
of delivery; the contract for the sale of the Bonds heretofore entered into (the “Purchase
-15-
Contract”) is in all respects ratified, approved and confirmed, it being hereby found and
determined that the Bonds have been sold at such price and bear interest at such rates that neither
the true interest cost (yield) nor the net interest rate received upon such sale exceed the
maximum rate otherwise authorized by Illinois law and that the Purchase Contract is in the best
interests of the District and that no person holding any office of the District, either by election or
appointment, is in any manner financially interested directly in his own name or indirectly in the
name of any other person, association, trust or corporation, in the Purchase Contract.
The use by the Purchaser of any Preliminary Official Statement and any final Official
Statement relating to the Bonds (the “Official Statement”) is hereby ratified, approved and
authorized; the execution and delivery of the Official Statement is hereby authorized; and the
officers of the Board are hereby authorized to take any action as may be required on the part of
the District to consummate the transactions contemplated by the Purchase Contract, this
Ordinance, said Preliminary Official Statement, the Official Statement and the Bonds.
Section 7.
Tax Levy. In order to provide for the collection of a direct annual tax to pay
the interest on the Bonds as it falls due, and also to pay and discharge the principal thereof at
maturity, there be and there is hereby levied upon all the taxable property within the District a
direct annual tax for each of the years while the Bonds or any of them are outstanding, and that
there be and there is hereby levied upon all of the taxable property in the District, the following
direct annual tax, to-wit:
FOR THE YEAR
A TAX TO PRODUCE THE SUM OF:
2015
$
2016
2017
$
$
for interest and principal up to and
including December 15, 2016
for interest and principal
Principal or interest maturing at any time when there are not sufficient funds on hand
from the foregoing tax levy to pay the same shall be paid from the general funds of the District,
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and the fund from which such payment was made shall be reimbursed out of the taxes hereby
levied when the same shall be collected.
The District covenants and agrees with the purchasers and the holders of the Bonds that
so long as any of the Bonds remain outstanding, the District will take no action or fail to take any
action which in any way would adversely affect the ability of the District to levy and collect the
foregoing tax levy and the District and its officers will comply with all present and future
applicable laws in order to assure that the foregoing taxes will be levied, extended and collected
as provided herein and deposited in the fund established to pay the principal of and interest on
the Bonds.
Section 8.
Filing of Ordinance. Forthwith upon the passage of this Ordinance, the
Secretary of the Board is hereby directed to file a certified copy of this Ordinance with the
County Clerks of The Counties of Kane, DuPage, Kendall and Will, Illinois (the “County
Clerks”), and it shall be the duty of the County Clerks to annually in and for each of the years
2015 to 2017, inclusive, ascertain the rate necessary to produce the tax herein levied, and extend
the same for collection on the tax books against all of the taxable property within the District in
connection with other taxes levied in each of said years for general park purposes, in order to
raise the respective amounts aforesaid and in each of said years such annual tax shall be
computed, extended and collected in the same manner as now or hereafter provided by law for
the computation, extension and collection of taxes for general park purposes of the District, and
when collected, the taxes hereby levied shall be placed to the credit of a special fund to be
designated “Park Bond and Interest Fund of 2015A” (the “Bond Fund”), which taxes are hereby
irrevocably pledged to and shall be used only for the purpose of paying the principal of and
interest on the Bonds.
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Section 9.
Limitation
on
Extension;
General
Obligation
Pledge;
Additional
Obligations. Notwithstanding any other provision of this Ordinance, the annual amount of the
taxes to be extended by the County Clerks to pay the Bonds and all other limited bonds (as
defined in the Debt Reform Act) heretofore and hereafter issued by the District shall not exceed
the debt service extension base (as defined in the Property Tax Extension Limitation Law of the
State of Illinois, as amended) of the District (the “Base”).
No limit, however, exists on the rate of the direct annual tax levied herein, and the Bonds
shall constitute a general obligation of the District.
Payments on the Bonds from the Base will be made on a parity with the payments on the
District’s outstanding General Obligation Limited Tax Park Bonds, Series 2005D, dated
December 28, 2005, and Taxable General Obligation Limited Tax Park Bonds, Series 2010,
dated January 6, 2010. The District is authorized to issue from time to time additional limited
bonds payable from the Base, as permitted by law, and to determine the lien priority of payments
to be made from the Base to pay the District’s limited bonds.
Section 10.
Use of Bond Proceeds. Any accrued interest received on the delivery of the
Bonds is hereby appropriated for the purpose of paying first interest due on the Bonds and is
hereby ordered deposited into the Bond Fund. The principal proceeds of the Bonds and any
premium received from the sale of the Bonds are hereby appropriated to pay the costs of issuance
of the Bonds and for the purpose of paying the cost of the Project, and that portion thereof not
needed to pay such costs of issuance is hereby ordered deposited into the Capital Improvement
Account of the District (the “Project Fund”). At the time of the issuance of the Bonds, the costs
of issuance of the Bonds may be paid by the Purchaser on behalf of the District from the
proceeds of the Bonds.
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Section 11.
Non-Arbitrage and Tax-Exemption. One purpose of this Section is to set
forth various facts regarding the Bonds and to establish the expectations of the Board and the
District as to future events regarding the Bonds and the use of Bond proceeds. The certifications,
covenants and representations contained herein (except for paragraph 7.10) and at the time of the
Closing are made on behalf of the District for the benefit of the owners from time to time of the
Bonds. In addition to providing the certifications, covenants and representations contained
herein, the District hereby covenants that it will not take any action, omit to take any action or
permit the taking or omission of any action within its control (including, without limitation,
making or permitting any use of the proceeds of the Bonds) if taking, permitting or omitting to
take such action would cause any of the Bonds to be an arbitrage bond or a private activity bond
within the meaning of the hereinafter defined Code or would otherwise cause the interest on the
Bonds to be included in the gross income of the recipients thereof for federal income tax
purposes.
The District acknowledges that, in the event of an examination by the Internal
Revenue Service (the “IRS”) of the Bonds, under present rules, the District may be treated as a
“taxpayer” in such examination and agrees that it will respond in a commercially reasonable
manner to any inquiries from the IRS in connection with such an examination. The Board and
the District certify, covenant and represent as follows:
1.1.
Definitions. In addition to such other words and terms used and defined in
this Ordinance, the following words and terms used in this Section shall have the
following meanings unless, in either case, the context or use clearly indicates another or
different meaning is intended:
“Affiliated Person” means a Person that is affiliated with another Person
(including the District) because either (a) at any time during the six months prior to the
execution and delivery of the Bonds, more than five percent of the voting power of the
governing body of either Person is in the aggregate vested in the other Person and its
directors, officers, owners, and employees, or (b) during the one-year period beginning
six months prior to the execution and delivery of the Bonds, the composition of the
governing body of the Person (or any Person that controls the Person) is modified or
established to reflect (directly or indirectly) representation of the interests of the other
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Person (or there is an agreement, understanding, or arrangement relating to such a
modification or establishment during that one-year period).
“Bond Counsel” means Chapman and Cutler LLP or any other nationally
recognized firm of attorneys experienced in the field of municipal bonds whose opinions
are generally accepted by purchasers of municipal bonds.
“Capital Expenditures” means costs of a type that would be properly chargeable
to a capital account under the Code (or would be so chargeable with a proper election)
under federal income tax principles if the District were treated as a corporation subject to
federal income taxation, taking into account the definition of Placed-in-Service set forth
herein.
“Closing” means the first date on which the District is receiving the purchase
price for the Bonds.
“Code” means the Internal Revenue Code of 1986, as amended.
“Commingled Fund” means any fund or account containing both Gross Proceeds
and an amount in excess of $25,000 that are not Gross Proceeds if the amounts in the
fund or account are invested and accounted for, collectively, without regard to the source
of funds deposited in the fund or account. An open-ended regulated investment company
under Section 851 of the Code is not a Commingled Fund.
“Control” means the possession, directly or indirectly through others, of either of
the following discretionary and non-ministerial rights or powers over another entity:
(a)
to approve and to remove without cause a controlling portion of
the governing body of a Controlled Entity; or
(b)
purpose.
to require the use of funds or assets of a Controlled Entity for any
“Controlled Entity” means any entity or one of a group of entities that is subject
to Control by a Controlling Entity or group of Controlling Entities.
“Controlled Group” means a group of entities directly or indirectly subject to
Control by the same entity or group of entities. A Controlled Group includes the entity
that has Control of the other entities.
“Controlling Entity” means any entity or one of a group of entities directly or
indirectly having Control of any entities or group of entities.
“Costs of Issuance” means the costs of issuing the Bonds, including underwriters’
discount and legal fees[, but not including the fees for the Credit Facility described in
paragraph 5.5 hereof.]
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[“Credit Facility” means the municipal bond insurance policy issued by the
Credit Facility Provider.]
[“Credit Facility Provider” means _________________, New York, New York.]
“External Commingled Fund” means a Commingled Fund in which the District
and all members of the same Controlled Group as the District own, in the aggregate, not
more than ten percent of the beneficial interests.
“GIC” means (a) any investment that has specifically negotiated withdrawal or
reinvestment provisions and a specifically negotiated interest rate and (b) any agreement
to supply investments on two or more future dates (e.g., a forward supply contract).
“Gross Proceeds” means amounts in the Bond Fund and the Project Fund.
“Issue Price” of any group of substantially identical Bonds or of any other
obligations issued for money or marketable securities is the price at which the obligations
of that group are first offered for sale to the public (not including any bond houses,
brokers, or persons acting in the capacity of underwriters, or wholesalers) so long as on
the date that the District (or other entity issuing such obligations) sold such obligations, it
was reasonably expected that at least 10% of each group of substantially identical bonds
would be sold for such offering price. The “Issue Price” of any group of substantially
identical obligations sold by the issuer of such obligations to an investor that expects to
hold the obligations as an investor to maturity is the market price paid by such investor.
The “Issue Price” of any obligations issued for property other than cash or marketable
securities is determined under appropriate regulations.
“Person” means and includes any individual, body politic, governmental unit,
agency or authority, trust, estate, partnership, association, company, corporation,
joint-stock company, syndicate, group, pool, joint venture, other unincorporated
organization or group, or group of any of the above.
“Placed-in-Service” means the date on which, based on all facts and
circumstances (a) a facility has reached a degree of completion that would permit its
operation at substantially its design level and (b) the facility is, in fact, in operation at
such level.
“Private Business Use” means any use of the Project by any Person (including
the federal government) other than a state or local governmental unit, including as a
result of (i) ownership, (ii) actual or beneficial use pursuant to a lease or a management,
service, incentive payment, research or output contract or (iii) any other similar
arrangement, agreement or understanding, whether written or oral, except for use of the
Project on the same basis as the general public. Private Business Use includes any formal
or informal arrangement with any Person other than a state or local governmental unit
(i) that conveys special legal entitlements to any portion of the Project, or (ii) under
which any Person other than a state or local governmental unit has any special economic
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benefit with respect to any portion of the Project that is not available for use by the
general public.
“Qualified Administrative Costs of Investments” means (a) reasonable, direct
administrative costs (other than carrying costs) such as separately stated brokerage or
selling commissions but not legal and accounting fees, recordkeeping, custody and
similar costs; or (b) all reasonable administrative costs, direct or indirect, incurred by a
publicly offered regulated investment company or an External Commingled Fund.
“Qualified Tax Exempt Obligations” means (a) any obligation described in
Section 103(a) of the Code, the interest on which is excludable from gross income of the
owner thereof for federal income tax purposes and is not an item of tax preference for
purposes of the alternative minimum tax imposed by Section 55 of the Code; (b) an
interest in a regulated investment company to the extent that at least ninety-five percent
of the income to the holder of the interest is interest which is excludable from gross
income under Section 103 of the Code of any owner thereof for federal income tax
purposes and is not an item of tax preference for purposes of the alternative minimum tax
imposed by Section 55 of the Code; and (c) certificates of indebtedness issued by the
United States Treasury pursuant to the Demand Deposit State and Local Government
Series program described in 31 C.F.R. pt. 344 (this clause (c) applies only to demand
deposit SLGS, not to other types of SLGS).
“Rebate Fund” means the fund, if any, identified and defined in paragraph 4.1
herein.
“Rebate Provisions” means the rebate requirements contained in Section 148(f)
of the Code and in the Regulations.
“Regulations” means United States Treasury Regulations dealing with the
tax-exempt bond provisions of the Code.
“Reimbursed Expenditures” means any expenditures of the District paid prior to
Closing to which Sale Proceeds or investment earnings thereon are or will be allocated.
“Reserve Portion of the Bond Fund” means the portion of the Bond Fund funded
in excess of the amount of debt service payable each year.
“Sale Proceeds” means amounts actually or constructively received from the sale
of the Bonds, including (a) amounts used to pay underwriter’s discount or compensation,
(b) accrued interest, other than accrued interest for a period not greater than one year
before Closing but only if it is to be paid within one year after Closing and (c) amounts
derived from the sale of any right that is part of the terms of a Bond or is otherwise
associated with a Bond (e.g., a redemption right).
“Yield” means that discount rate which when used in computing the present value
of all payments of principal and interest paid and to be paid on an obligation produces an
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amount equal to the obligation’s purchase price (or in the case of the Bonds, the Issue
Price as established in Section 5.1), including accrued interest. For purposes of
computing the Yield on the Bonds and on investments, the same compounding interval
(which must be an interval of not more than one year) and standard financial conventions
(such as a 360-day year) must be used.
“Yield Reduction Payment” means a rebate payment or any other amount paid to
the United States in the same manner as rebate amounts are required to be paid or at such
other time or in such manner as the IRS may prescribe that will be treated as a reduction
in Yield of an investment under the Regulations.
2.1.
Purpose of the Bonds. The Bonds are being issued to finance the Project
in a prudent manner consistent with the revenue needs of the District. A breakdown of
the sources and uses of funds is set forth in the preceding Section of this Ordinance.
Except for any accrued interest on the Bonds used to pay first interest due on the Bonds,
no proceeds of the Bonds will be used more than 30 days after the date of issue of the
Bonds for the purpose of paying any principal or interest on any issue of bonds, notes,
certificates or warrants or on any installment contract or other obligation of the District or
for the purpose of replacing any funds of the District used for such purpose.
2.2.
The Project—Binding Commitment and Timing. The District has incurred
or will, within six months of the Closing, incur a substantial binding obligation (not
subject to contingencies within the control of the District or any member of the same
Controlled Group as the District) to a third party to expend at least five percent of the
Sale Proceeds on the Project. It is expected that the work of acquiring and constructing
the Project and the expenditure of amounts deposited into the Project Fund will continue
to proceed with due diligence through the last date shown on the draw schedule to be
attached to the Treasurer’s Receipt as an Exhibit (the “Exhibit”) at the time of Closing,
which is no later than three years after Closing, at which time it is anticipated that all Sale
Proceeds and investment earnings thereon will have been spent.
2.3.
Reimbursement. With respect to expenditures for the Project paid within
the 60 day period ending on this date and with respect to which no declaration of intent
was previously made, the District hereby declares its intent to reimburse such
expenditures and hereby allocates Sale Proceeds in the amount indicated in the
Treasurer’s Receipt to be delivered in connection with the issuance of the Bonds to
reimburse said expenditures. Otherwise, none of the Sale Proceeds or investment
earnings thereon will be used for Reimbursed Expenditures.
2.4.
Working Capital. All Sale Proceeds and investment earnings thereon will
be used, directly or indirectly, to finance Capital Expenditures other than the following:
(a)
working capital expenditures directly related to Capital
Expenditures financed by the Bonds, in an amount not to exceed five percent of
the Sale Proceeds;
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(b)
payments of interest on the Bonds for a period commencing at
Closing and ending on the later of the date three years after Closing or one year
after the date on which the Project is Placed-in-Service;
(c)
Costs of Issuance and Qualified Administrative Costs of
Investments;
(d)
payments of rebate or Yield Reduction Payments made to the
United States;
(e)
principal of or interest on the Bonds paid from unexpected excess
Sale Proceeds and investment earnings thereon;
(f)
investment earnings that are commingled with substantial other
revenues and are expected to be allocated to expenditures within six months of the
date commingled[; and
(g)
fees for the Credit Facility].
2.5.
Consequences of Contrary Expenditure. The District acknowledges that if
Sale Proceeds and investment earnings thereon are spent for non-Capital Expenditures
other than as permitted by paragraph 2.4 hereof, a like amount of then available funds of
the District will be treated as unspent Sale Proceeds.
2.6.
Payments to District or Related Persons. The District acknowledges that
if Sale Proceeds or investment earnings thereon are transferred to or paid to the District
or any member of the same Controlled Group as the District, those amounts will not be
treated as having been spent for federal income tax purposes. However, Sale Proceeds or
investment earnings thereon will be allocated to expenditures for federal income tax
purposes if the District uses such amounts to reimburse itself for amounts paid to Persons
other than the District or any member of the same Controlled Group as the District,
provided that the original expenditures were paid on or after Closing or are permitted
under paragraph 2.3 of this Section, and provided that the original expenditures were not
otherwise paid out of Sale Proceeds or investment earnings thereon or the proceeds of
any other borrowing. Any Sale Proceeds or investment earnings thereon that are
transferred to or paid to the District or any member of the same Controlled Group as the
District (other than as reimbursement permitted by paragraph 2.3 or as a result of
investment earnings commingling under paragraph 2.4(f)) will remain Sale Proceeds or
investment earnings thereon, and thus Gross Proceeds, until such amounts are allocated to
expenditures for federal income tax purposes. If the District does not otherwise allocate
any such amounts to expenditures for the Project or other expenditures permitted under
this Ordinance, any such amounts will be allocated for federal income tax purposes to the
next expenditures, not otherwise paid out of Sale Proceeds or investment earnings
thereon or the proceeds of any other borrowing, for interest on the Bonds prior to the later
of the date three years after Closing or one year after the date on which the Project is
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Placed-in-Service. The District will consistently follow this accounting method for
federal income tax purposes.
2.7.
Investment of Bond Proceeds. Not more than 50% of the Sale Proceeds
and investment earnings thereon are or will be invested in investments (other than
Qualified Tax Exempt Obligations) having a Yield that is substantially guaranteed for
four years or more. No portion of the Bonds is being issued solely for the purpose of
investing a portion of Sale Proceeds or investment earnings thereon at a Yield higher than
the Yield on the Bonds.
It is expected that the Sale Proceeds deposited into the Project Fund, plus
investment earnings on the Project Fund, will be spent to pay costs of the Project, in
accordance with the estimated drawdown schedule contained in the Exhibit, the
investment earnings on the Bond Fund will be spent to pay interest on the Bonds, or to
the extent permitted by law, investment earnings on amounts in the Project Fund and the
Bond Fund may be commingled with substantial revenues from the governmental
operations of the District, and the earnings are reasonably expected to be spent for
governmental purposes within six months of the date commingled. Interest earnings on
the Project Fund and the Bond Fund have not been earmarked or restricted by the Board
for a designated purpose.
2.8.
No Grants. None of the Sale Proceeds or investment earnings thereon will
be used to make grants to any person.
2.9.
Hedges. Neither the District nor any member of the same Controlled
Group as the District has entered into or expects to enter into any hedge (e.g., an interest
rate swap, interest rate cap, futures contract, forward contract or an option) with respect
to the Bonds. The District acknowledges that any such hedge could affect, among other
things, the calculation of Bond Yield under the Regulations. The IRS could recalculate
Bond Yield if the failure to account for the hedge fails to clearly reflect the economic
substance of the transaction. The District acknowledges that if it wishes to take any such
hedge into account in determining Bond Yield, various requirements under the
Regulations, including prompt identification of the hedge with the Bonds on the District’s
books and records, need to be met.
The District also acknowledges that if it acquires a hedging contract with an
investment element (including e.g., an off-market swap agreement, or any cap agreement
for which all or a portion of the premium is paid at, or before the effective date of the cap
agreement), then a portion of such hedging contract may be treated as an investment of
Gross Proceeds of the Bonds, and be subject to the fair market purchase price rules,
rebate and Yield restriction. The District agrees not to use proceeds of the Bonds to pay
for any such hedging contract in whole or in part. The District also agrees that it will not
give any assurances to any Bondholder[, the Credit Facility Provider,] or any [other]
credit or liquidity enhancer with respect to the Bonds that any such hedging contract will
be entered into or maintained. The District recognizes that if a portion of a hedging
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contract is determined to be an investment of Gross Proceeds, such portion may not be
fairly priced even if the hedging contract as a whole is fairly priced.
2.10. IRS Audits. The IRS has not contacted the District regarding any
obligations issued by or on behalf of the District. To the best of the knowledge of the
District, no such obligations of the District are currently under examination by the IRS.
3.1.
Use of Proceeds. (a) The use of the Sale Proceeds and investment
earnings thereon and the funds held under this Ordinance at the time of Closing are
described in the preceding Section of this Ordinance. No Sale Proceeds and no
investment earnings thereon will be used to pre-pay for goods or services to be received
more than ninety days prior to the date such goods or services are to be received[, except
for any payment to the Credit Facility Provider]. No Sale Proceeds and no investment
earnings thereon will be used to pay for or otherwise acquire goods or services from the
District, any member of the same Controlled Group as the District, or an Affiliated
Person.
(b)
Only the funds and accounts described in said Section will be funded at
Closing. There are no other funds or accounts created under this Ordinance, other than
the Rebate Fund if it is created as provided in paragraph 4.1.
(c)
Principal of and interest on the Bonds will be paid from the Bond Fund.
(d)
Costs of Issuance incurred in connection with the issuance of the Bonds to
be paid by the District will be paid at the time of Closing.
(e)
The costs of the Project will be paid from the Project Fund and no other
moneys (except for investment earnings on amounts in the Project Fund) are expected to
be deposited therein.
3.2.
Purpose of Bond Fund. The Bond Fund (other than the Reserve Portion of
the Bond Fund) will be used primarily to achieve a proper matching of revenues and
earnings with principal and interest payments on the Bonds in each bond year. It is
expected that the Bond Fund (other than the Reserve Portion of the Bond Fund) will be
depleted at least once a year, except for a reasonable carry over amount not to exceed the
greater of (a) the earnings on the investment of moneys in the Bond Fund (other than the
Reserve Portion of the Bond Fund) for the immediately preceding bond year or (b) 1/12th
of the principal and interest payments on the Bonds for the immediately preceding bond
year.
The District will levy taxes to produce an amount sufficient to pay all principal of
and interest on the Bonds in each bond year. To minimize the likelihood of an
insufficiency, the amount levied to pay the Bonds may in most years be in excess of the
amount extended to pay principal and interest within one year of collection.
Nevertheless, except for the Reserve Portion of the Bond Fund, the Bond Fund will be
depleted each year as described above. The Reserve Portion of the Bond Fund will be
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treated as a separate account not treated as part of the bona fide debt service fund. The
Reserve Portion of the Bond Fund is subject to Yield restriction requirements except as it
may otherwise be excepted as provided in 5.2 below. It is also subject to the rebate
requirements.
3.3.
No Other Gross Proceeds. (a) Except for the Bond Fund and the Project
Fund, and except for investment earnings that have been commingled as described in
paragraph 2.7 and any credit enhancement or liquidity device related to the Bonds, after
the issuance of the Bonds, neither the District, any member of the same Controlled Group
as the District nor any other Person [(other than the Credit Facility Provider)] has or will
have any property, including cash, securities or will have any property, including cash,
securities or any other property held as a passive vehicle for the production of income or
for investment purposes, that constitutes:
(i)
Sale Proceeds;
(ii) amounts in any fund or account with respect to the Bonds (other
than the Rebate Fund);
(iii) amounts that have a sufficiently direct nexus to the Bonds or to the
governmental purpose of the Bonds to conclude that the amounts would have
been used for that governmental purpose if the Bonds were not used or to be used
for that governmental purpose (the mere availability or preliminary earmarking of
such amounts for a governmental purpose, however, does not itself establish such
a sufficient nexus);
(iv) amounts in a debt service fund, redemption fund, reserve fund,
replacement fund or any similar fund to the extent reasonably expected to be used
directly or indirectly to pay principal of or interest on the Bonds or any amounts
for which there is provided, directly or indirectly, a reasonable assurance that the
amount will be available to pay principal of or interest on the Bonds or any
obligations under any credit enhancement or liquidity device with respect to the
Bonds, even if financial difficulties are encountered;
(v)
any amounts held pursuant to any agreement (such as an agreement
to maintain certain levels of types of assets) made for the benefit of the
Bondholders or any credit enhancement provider, including any liquidity device
or negative pledge (e.g., any amount pledged to secure the Bonds held under an
agreement to maintain the amount at a particular level for the direct or indirect
benefit of holders of the Bonds or a guarantor of the Bonds); or
(vi) amounts actually or constructively received from the investment
and reinvestment of the amounts described in (i) or (ii) above.
(b)
No compensating balance, liquidity account, negative pledge of property
held for investment purposes required to be maintained at least at a particular level or
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similar arrangement exists with respect to, in any way, the Bonds or any credit
enhancement or liquidity device related to the Bonds.
(c)
One hundred twenty percent of the average reasonably expected economic
life of the Project is at least ____ years. The weighted average maturity of the Bonds
does not exceed ____ years and does not exceed 120 percent of the average reasonably
expected economic life of the Project. The maturity schedule of the Bonds (the
“Principal Payment Schedule”) is based on an analysis of revenues expected to be
available to pay debt service on the Bonds. The Principal Payment Schedule is not more
rapid (i.e., having a lower average maturity) because a more rapid schedule would place
an undue burden on tax rates and cause such rates to be increased beyond prudent levels,
and would be inconsistent with the governmental purpose of the Bonds as set forth in
paragraph 2.1 hereof.
3.4.
Final Allocation of Proceeds. Subject to the requirements of this Section,
including those concerning working capital expenditures in paragraph 2.4, the District
may generally use any reasonable, consistently applied accounting method to account for
Gross Proceeds, investments thereon, and expenditures. The District must account for
the final allocation of proceeds of the Bonds to expenditures not later than 18 months
after the later of the date the expenditure is paid or the date the property with respect to
which the expenditure is made is Placed-in-Service. This allocation must be made in any
event by the date 60 days after the fifth anniversary of the issue date of the Bonds or the
date 60 days after the retirement of the Bonds, if earlier.
Reasonable accounting methods for allocating funds include any of the following
methods if consistently applied: a specific tracing method; a Gross Proceeds spent first
method; a first-in, first-out method; or a ratable allocation method. The District may also
reallocate proceeds of the Bonds from one expenditure to another until the end of the
period for final allocation, discussed above. Unless the District has taken an action to use
a different allocation method by the end of the period for a final allocation, proceeds of
the Bonds will be treated as allocated to expenditures using the specific tracing method.
4.1.
Compliance with Rebate Provisions. The District covenants to take such
actions and make, or cause to be made, all calculations, transfers and payments that may
be necessary to comply with the Rebate Provisions applicable to the Bonds. The District
will make, or cause to be made, rebate payments with respect to the Bonds in accordance
with law.
The District is hereby authorized to create and establish a special fund to be
known as the Rebate Fund (the “Rebate Fund”), which, if created, shall be continuously
held, invested, expended and accounted for in accordance with this Ordinance. Moneys
in the Rebate Fund shall not be considered moneys held for the benefit of the owners of
the Bonds. Moneys in the Rebate Fund (including earnings and deposits therein) shall be
held and used for any required payment to the United States as required by the Rebate
Provisions and by the Regulations and as contemplated under the provisions of this
Ordinance.
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4.2.
Records. The District agrees to keep and retain or cause to be kept and
retained for the period described in paragraph 7.9 adequate records with respect to the
investment of all Gross Proceeds and any amounts in the Rebate Fund. Such records
shall include: (a) purchase price; (b) purchase date; (c) type of investment; (d) accrued
interest paid; (e) interest rate; (f) principal amount; (g) maturity date; (h) interest payment
date; (i) date of liquidation; and (j) receipt upon liquidation.
If any investment becomes Gross Proceeds on a date other than the date such
investment is purchased, the records required to be kept shall include the fair market
value of such investment on the date it becomes Gross Proceeds. If any investment
ceases to be Gross Proceeds on a date other than the date such investment is sold or is
retained after the date the last Bond is retired, the records required to be kept shall
include the fair market value of such investment on the date the last Bond is retired.
Amounts or investments will be segregated whenever necessary to maintain these
records.
4.3.
Fair Market Value; Certificates of Deposit and Investment Agreements.
In making investments of Gross Proceeds and any amounts in the Rebate Fund the
District shall take into account prudent investment standards and the date on which such
moneys may be needed. Except as provided in the next sentence, all amounts that
constitute Gross Proceeds and all amounts in the Rebate Fund shall be invested at all
times to the greatest extent practicable, and no amounts may be held as cash or be
invested in zero yield investments other than obligations of the United States purchased
directly from the United States. In the event moneys cannot be invested, other than as
provided in this sentence due to the denomination, price or availability of investments,
the amounts shall be invested in an interest bearing deposit of a bank with a yield not less
than that paid to the general public or held uninvested to the minimum extent necessary.
Gross Proceeds and any amounts in the Rebate Fund that are invested in
certificates of deposit or in GICs shall be invested only in accordance with the following
provisions:
(a)
Investments in certificates of deposit of banks or savings and loan
associations that have a fixed interest rate, fixed payment schedules and
substantial penalties for early withdrawal shall be made only if either (i) the Yield
on the certificate of deposit (A) is not less than the Yield on reasonably
comparable direct obligations of the United States and (B) is not less than the
highest Yield that is published or posted by the provider to be currently available
from the provider on reasonably comparable certificates of deposit offered to the
public or (ii) the investment is an investment in a GIC and qualifies under
paragraph (b) below. Investments in federally insured deposits or accounts,
including certificates of deposit, may not be made except as allowed under
paragraph 5.4.
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(b)
Investments in GICs shall be made only if
(i) the bid specifications are in writing, include all material
terms of the bid and are timely forwarded to potential providers (a term is
material if it may directly or indirectly affect the yield on the GIC);
(ii) the terms of the bid specifications are commercially
reasonable (a term is commercially reasonable if there is a legitimate
business purpose for the term other than to reduce the yield on the GIC);
(iii) all bidders for the GIC have equal opportunity to bid so
that, for example, no bidder is given the opportunity to review other bids
(a last look) before bidding;
(iv) any agent used to conduct the bidding for the GIC does not
bid to provide the GIC;
(v)
at least three of the providers solicited for bids for the GIC
are reasonably competitive providers of investments of the type purchased
(i.e., providers that have established industry reputations as competitive
providers of the type of investments being purchased);
(vi) at least three of the entities that submit a bid do not have a
financial interest in the Bonds;
(vii) at least one of the entities that provided a bid is a
reasonably competitive provider that does not have a financial interest in
the Bonds;
(viii) the bid specifications include a statement notifying
potential providers that submission of a bid is a representation that the
potential provider did not consult with any other provider about its bid,
that the bid was determined without regard to any other formal or informal
agreement that the potential provider has with the District or any other
Person (whether or not in connection with the Bonds) and that the bid is
not being submitted solely as a courtesy to the District or any other Person
for purposes of satisfying the federal income tax requirements relating to
the bidding for the GIC;
(ix) the determination of the terms of the GIC takes into
account the reasonably expected deposit and drawdown schedule for the
amounts to be invested;
(x) the highest-yielding GIC for which a qualifying bid is made
(determined net of broker’s fees) is in fact purchased; and
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(xi) the obligor on the GIC certifies the administrative costs that
it is paying or expects to pay to third parties in connection with the GIC.
A single investment, or multiple investments awarded to a provider based
on a single bid, may not be used for funds subject to different rules relating to
rebate or yield restriction.
(c)
If a GIC is purchased, the District will retain the following records
with its bond documents until three years after the Bonds are redeemed in their
entirety:
(i)
a copy of the GIC;
(ii) the receipt or other record of the amount actually paid for
the GIC, including a record of any administrative costs paid, and the
certification under subparagraph (b)(xi) of this paragraph;
(iii) for each bid that is submitted, the name of the person and
entity submitting the bid, the time and date of the bid, and the bid results;
and
(iv) the bid solicitation form and, if the terms of the GIC
deviated from the bid solicitation form or a submitted bid is modified, a
brief statement explaining the deviation and stating the purpose for the
deviation.
All investments made with Gross Proceeds or amounts in the Rebate Fund shall
be bought and sold at fair market value. The fair market value of an investment is the
price at which a willing buyer would purchase the investment from a willing seller in a
bona fide, arm’s length transaction. Except for investments specifically described in (a)
or (b) of this paragraph and United States Treasury obligations that are purchased directly
from the United States Treasury, only investments that are traded on an established
securities market, within the meaning of regulations promulgated under Section 1273 of
the Code, will be purchased with Gross Proceeds. In general, an investment is traded on
an established securities market only if at any time during the 31-day period ending
15 days after the purchase date: (i) within a reasonable period of time after the sale, the
price for an executed purchase or sale of the investment (or information sufficient to
calculate the sales price) appears in a medium that is made available to issuers of debt
instruments, persons that regularly purchase or sell debt instruments (including a price
provided only to certain customers or to subscribers), or persons that broker purchases or
sales of debt instruments; (ii) there are one or more firm quotes for the investment (a firm
quote is considered to exist when a price quote is available from at least one broker,
dealer, or pricing service (including a price provided only to certain customers or to
subscribers) for property and the quoted price is substantially the same as the price for
which the person receiving the quoted price could purchase or sell the property; a price
quote is considered to be available whether the quote is initiated by a person providing
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the quote or provided at the request of the person receiving the quote; the identity of the
person providing the quote must be reasonably ascertainable for a quote to be considered
a firm quote for this purpose; a quote will be considered a firm quote if the quote is
designated as a firm quote by the person providing the quote or if market participants
typically purchase or sell, as the case may be, at the quoted price, even if the party
providing the quote is not legally obligated to purchase or sell at that price); or (iii) there
are one or more indicative quotes for the investment (an indicative quote is considered to
exist when a price quote is available from at least one broker, dealer, or pricing service
(including a price provided only to certain customers or to subscribers) for property and
the price quote is not a firm quote described in the prior clause). However, a maturity of
a debt instrument is not treated as traded on an established market if at the time the
determination is made the outstanding stated principal amount of the maturity that
includes the debt instrument does not exceed $100,000,000 (or, for a debt instrument
denominated in a currency other than the U.S. dollar, the equivalent amount in the
currency in which the debt instrument is denominated).
An investment of Gross Proceeds in an External Commingled Fund shall be made
only to the extent that such investment is made without an intent to reduce the amount to
be rebated to the United States Government or to create a smaller profit or a larger loss
than would have resulted if the transaction had been at arm’s length and had the rebate or
Yield restriction requirements not been relevant to the District. An investment of Gross
Proceeds shall be made in a Commingled Fund other than an External Commingled Fund
only if the investments made by such Commingled Fund satisfy the provisions of this
paragraph 4.3.
The foregoing provisions of this paragraph satisfy various safe harbors set forth in
the Regulations relating to the valuation of certain types of investments. The safe harbor
provisions of this paragraph are contained herein for the protection of the District, who
has covenanted not to take any action to adversely affect the tax-exempt status of the
interest on the Bonds. The District may contact Bond Counsel if it does not wish to
comply with the provisions of this paragraph 4.3.
4.4.
Arbitrage Elections. The President, Secretary and Treasurer of the Board
are hereby authorized to execute one or more elections regarding certain matters with
respect to arbitrage.
5.1.
Issue Price. For purposes of determining the Yield on the Bonds, the
purchase price of the Bonds is equal to the first offering price (including accrued interest)
at which the Purchaser reasonably expected that at least ten percent of each maturity of
the Bonds would be sold to the public (excluding bond houses, brokers or similar persons
or organizations acting in the capacity of underwriters, placement agents or wholesalers).
The Purchaser has certified that all of the Bonds have been the subject of a bona fide
initial offering to the public (excluding bond houses, brokers, or similar persons or
organizations acting in the capacity of underwriters, placement agents or wholesalers) at
prices equal to those set forth in the Official Statement, and that based upon prevailing
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market conditions, such prices are not less than the fair market value of each Bond as of
the sale date for the Bonds.
5.2.
Yield Limits. (a) Except as provided in paragraph (b), all Gross Proceeds
shall be invested at market prices and at a Yield (after taking into account any Yield
Reduction Payments) not in excess of the Yield on the Bonds plus, if only amounts in the
Project Fund are subject to this Yield limitation, 1/8th of one percent.
(b)
The following may be invested without Yield restriction:
(i)
amounts qualifying for a temporary period consisting of:
(A)
amounts on deposit in the Bond Fund (other than the
Reserve Portion of the Bond Fund) that have not been on deposit under
this Ordinance for more than 13 months, so long as the Bond Fund
continues to qualify as a bona fide debt service fund as described in
paragraph 3.2 hereof;
(B)
amounts on deposit in the Project Fund prior to the earlier
of three years after Closing or the date the District no longer expects to
spend all such amounts;
(ii)
amounts qualifying for other exceptions consisting of:
(A)
an amount not to exceed the lesser of $100,000 or five
percent of the Sale Proceeds;
(B)
amounts invested in Qualified Tax Exempt Obligations;
(C)
amounts in the Rebate Fund;
(D)
all amounts other than Sale Proceeds for the first 30 days
after they become Gross Proceeds; and
(E)
all amounts derived from the investment of Sale Proceeds
or investment earnings thereon for a period of one year from the date
received.
5.3.
Federal Guarantees. Except as otherwise permitted by the Regulations,
no portion of the payment of principal of or interest on the Bonds[, the Credit Facility] or
any [other] credit enhancement or liquidity device relating to the foregoing is or will be
guaranteed, directly or indirectly (in whole or in part), by the United States (or any
agency or instrumentality thereof), including a lease, incentive payment, research or
output contract or any similar arrangement, agreement or understanding with the United
States or any agency or instrumentality thereof. No portion of the Gross Proceeds has
been or will be used to make loans the payment of principal or interest with respect to
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which is or will be guaranteed (in whole or in part) by the United States (or any agency or
instrumentality thereof). This paragraph does not apply to any guarantee by the Federal
Housing Administration, the Federal National Mortgage Association, the Federal Home
Loan Mortgage Corporation, the Government National Mortgage Association, the
Student Loan Marketing Association or the Bonneville Power Administration pursuant to
the Northwest Power Act (16 U.S.C. 839d) as in effect on the date of enactment of the
Tax Reform Act of 1984.
5.4.
Federally Guaranteed Investments. (a) Certain Gross Proceeds may not
be invested in a manner that is considered to create a federal guarantee. The restrictions
in this paragraph 5.4 apply to all Gross Proceeds except:
(i) amounts on deposit in the Project Fund prior to the earlier of three
years after Closing or the date the District no longer expects to spend all such
amount and
(ii) amounts on deposit in the Bond Fund (other than the Reserve
Portion of the Bond Fund) to the extent the Bond Fund qualifies as a bona fide
debt service fund described in paragraph 3.2.
(b)
If the District holds any Gross Proceeds other than those listed in the
preceding paragraph (a), then any such Gross Proceeds in an amount in excess of five
percent of the Sale Proceeds shall not be invested in:
(i)
federally insured deposits or accounts, such as bank accounts and
C.D.s;
(ii) obligations of or directly or indirectly guaranteed, in whole or in
part, by the United States (or any agency or instrumentality of the United States),
other than the following:
(a)
United States Treasury Obligations;
(b)
obligations issued by the Resolution Funding Corporation
pursuant to Section 21B(d)(3) of the Federal Home Loan Bank Act, as
amended by Section 511 of the Financial Institutions Reform, Recovery
and Enforcement Act of 1989, or any successor provision (e.g., Refcorp
Strips); and
(c)
obligations guaranteed by the Federal Housing
Administration, the Federal National Mortgage Association, the Federal
Home Loan Mortgage Corporation, the Government National Mortgage
Association, the Student Loan Marketing Association or the Bonneville
Power Administration pursuant to the Northwest Power Act (16 U.S.C.
839d) as in effect on the date of enactment of the Tax Reform Act of 1984.
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Because of these investment limitations, after the date three years after Closing,
any amounts remaining in the Project Fund must be invested in U.S. Treasury obligations
(including obligations of the State and Local Government Series, known as SLGS) or
otherwise invested to avoid violating the restrictions set forth in this section.
[5.5. Treatment of Certain Credit Facility Fees. The fee paid to the Credit
Facility Provider with respect to the Credit Facility may be treated as interest in
computing Bond Yield.
Neither the District nor any member of the same Controlled Group as the District
is a Related Person as defined in Section 144(a)(3) of the Code to the Credit Facility
Provider. The fee paid to the Credit Facility Provider does not exceed ten percent of the
Sale Proceeds. Other than the fee paid to the Credit Facility Provider, neither the Credit
Facility Provider nor any person who is a related person to the Credit Facility Provider
within the meaning of Section 144(a)(3) of the Code will use any Sale Proceeds or
investment earnings thereon. The fee paid for the Credit Facility does not exceed a
reasonable, arm’s length charge for the transfer of credit risk. The fee does not include
any payment for any direct or indirect services other than the transfer of credit risk.]
6.1.
Payment and Use Tests. (a) No more than five percent of the Sale
Proceeds plus investment earnings thereon (not including amounts used to pay Costs of
Issuance and other common costs (such as capitalized interest and fees paid for a
qualified guarantee or qualified hedge) and amounts invested in a reserve or replacement
fund), will be used, directly or indirectly, in whole or in part, in any Private Business
Use.
(b)
The payment of more than five percent of the principal of or the interest
on the Bonds will not be, directly or indirectly (i) secured by any interest in (A) property
used or to be used in any Private Business Use or (B) payments in respect of such
property or (ii) on a present value basis, derived from payments (whether or not to the
District or a member of the same Controlled Group as the District) in respect of property,
or borrowed money, used or to be used in any Private Business Use.
(c)
No more than the lesser of five percent of the sum of the Sale Proceeds
and investment earnings thereon (not including amounts used to pay Costs of Issuance
and other common costs (such as capitalized interest and fees paid for a qualified
guarantee or qualified hedge) and amounts invested in a reserve or replacement fund) or
$5,000,000 will be used, directly or indirectly, to make or finance loans to any persons.
(d)
No user of the Project other than a state or local governmental unit will
use more than five percent of the Project, in the aggregate, on any basis other than the
same basis as the general public.
6.2.
IRS Form 8038-G. The information contained in the Information Return
for Tax-Exempt Governmental Obligations, Form 8038-G, is true and complete. The
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District will file Form 8038-G (and all other required information reporting forms) in a
timely manner.
6.3.
Bank Qualification. Prior to the date hereof in the current calendar year,
no obligations that have been designated as “qualified tax-exempt obligations” for the
purposes and within the meaning of Section 265(b)(3) of the Code have been issued by
any of the following: (i) the District; (ii) an entity issuing obligations on behalf of the
District; and (iii) any member of the same Controlled Group as the District or the same
Controlled Group as an entity issuing obligations on behalf of the District.
7.1.
Termination. The terms and provisions set forth in this Section shall
terminate at the later of (a) 75 days after the Bonds have been fully paid and retired or
(b) the date on which all payments, if any, required to satisfy the Rebate Provisions of the
Code have been made to the United States. Notwithstanding the foregoing, the
provisions of paragraphs 4.2, 4.3(c) and 7.9 hereof shall not terminate until the third
anniversary of the date the Bonds are fully paid and retired.
7.2.
Separate Issue. Since a date that is 15 days prior to the date of sale of the
Bonds by the District to the Purchaser, neither the District nor any member of the same
Controlled Group as the District has sold or delivered any tax-exempt obligations other
than the Bonds and the General Obligation Refunding Park Bonds, Series 2015B (the
“2015B Bonds”), that are reasonably expected to be paid out of substantially the same
source of funds as the Bonds. Neither the District nor any member of the same
Controlled Group as the District will sell or deliver within 15 days after the date of sale
of the Bonds any tax-exempt obligations other than the Bonds and the 2015B Bonds that
are reasonably expected to be paid out of substantially the same source of funds as the
Bonds.
7.3.
No Sale of the Project. (a) Other than as provided in the next sentence,
neither the Project nor any portion thereof has been, is expected to be, or will be sold or
otherwise disposed of, in whole or in part, prior to the earlier of (i) the last date of the
reasonably expected economic life to the District of the property (determined on the date
of issuance of the Bonds) or (ii) the last maturity date of the Bonds. The District may
dispose of personal property in the ordinary course of an established government program
prior to the earlier of (i) the last date of the reasonably expected economic life to the
District of the property (determined on the date of issuance of the Bonds) or (ii) the last
maturity of the Bonds, provided: (A) the weighted average maturity of the Bonds
financing the personal property is not greater than 120 percent of the reasonably expected
actual use of that property for governmental purposes; (B) the District reasonably expects
on the issue date that the fair market value of that property on the date of disposition will
be not greater than 25 percent of its cost; (C) the property is no longer suitable for its
governmental purposes on the date of disposition; and (D) the District deposits amounts
received from the disposition in a Commingled Fund with substantial tax or other
governmental revenues and the District reasonably expects to spend the amounts on
governmental programs within six months from the date of the commingling.
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(b)
The District acknowledges that if Bond-financed property is sold or
otherwise disposed of in a manner contrary to (a) above, such sale or disposition may
constitute a “deliberate action” within the meaning of the Regulations that may require
prompt remedial actions to prevent interest on the Bonds from being included in gross
income for federal income tax purposes. The District shall promptly contact Bond
Counsel if a sale or other disposition of Bond-financed property in a manner contrary to
(a) above is considered by the District.
7.4.
Purchase of Bonds by District. The District will not purchase any of the
Bonds except to cancel such Bonds.
7.5.
Final Maturity. The period between the date of Closing and the final
maturity of the Bonds is not more than 10-1/2 years.
7.6.
Registered Form. The District recognizes that Section 149(a) of the Code
requires the Bonds to be issued and to remain in fully registered form in order that
interest thereon be exempt from federal income taxation under laws in force at the time
the Bonds are delivered. In this connection, the District agrees that it will maintain the
Bonds in registered form and will not take any action to permit the Bonds to be issued in,
or converted into, bearer or coupon form.
7.7.
Future Events. The District acknowledges that any changes in facts or
expectations from those set forth herein may result in different Yield restrictions or rebate
requirements from those set forth herein. The District shall promptly contact Bond
Counsel if such changes do occur.
7.8.
Permitted Changes; Opinion of Bond Counsel. Any restriction or
covenant contained in this Section need not be observed, and any provision of this
Section may be changed or amended, only if (in addition to any requirements for a
particular change contained elsewhere in this Section) such nonobservance, change or
amendment will not result in the loss of the exclusion from gross income for federal
income tax purposes of interest on the Bonds or the inclusion of interest on the Bonds as
an item of tax preference in computing the alternative minimum tax for individuals or
corporations under the Code and the District receives an opinion of Bond Counsel to such
effect.
7.9.
Records Retention. The District agrees to keep and retain or cause to be
kept and retained sufficient records to support the continued exclusion of the interest paid
on the Bonds from federal income taxation, to demonstrate compliance with the
covenants in this Ordinance and to show that all tax returns related to the Bonds
submitted or required to be submitted to the IRS are correct and timely filed. Such
records shall include, but are not limited to, basic records relating to the Bond transaction
(including this Ordinance and the Bond Counsel opinion); documentation evidencing the
expenditure of Bond proceeds; documentation evidencing the use of Bond-financed
property by public and private entities (i.e., copies of leases, management contracts and
research agreements); documentation evidencing all sources of payment or security for
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the Bonds; and documentation pertaining to any investment of Bond proceeds (including
the information required under paragraphs 4.2 and 4.3 hereof and in particular
information related to the purchase and sale of securities, SLGs subscriptions, yield
calculations for each class of investments, actual investment income received from the
investment of proceeds, guaranteed investment contracts and documentation of any
bidding procedure related thereto and any fees paid for the acquisition or management of
investments and any rebate calculations). Such records shall be kept for as long as the
Bonds are outstanding, plus three (3) years after the later of the final payment date of the
Bonds or the final payment date of any obligations or series of obligations issued to
refund directly or indirectly all or any portion of the Bonds.
7.10. Post-Issuance Compliance Policy. The District acknowledges that the IRS
encourages issuers of tax-exempt bonds to adopt written post-issuance compliance
policies in addition to its bond documents, and provides certain potential benefits to
issuers that do so. For example, issuers may receive more favorable terms on any
voluntary settlement pursuant to the IRS’ voluntary closing agreement program if an
issuer has adopted written procedures that, at a minimum, specify the official(s) with
responsibility for monitoring compliance, a description of the training provided to such
responsible official(s) with regard to monitoring compliance, the frequency of
compliance checks (must be at least annual), the nature of the compliance activities
required to be undertaken, the procedures used to timely identify and elevate the
resolution of a violation when it occurs or is expected to occur, procedures for the
retention of all records material to substantiate compliance with the applicable federal tax
requirements, and an awareness of the availability of the IRS’ voluntary closing
agreement program and other remedial actions to resolve violations. Generally, a
reference to reliance on the bond documents, without more, will not qualify as sufficient
written procedures for these purposes.
The District has adopted written post-issuance compliance policies that meet the
foregoing, which are contained in this Ordinance. The post-issuance compliance policies
do not constitute part of this Section, and the District may modify or eliminate any
post-issuance compliance policies without the consent of the holders of the Bonds and
without regard to paragraph 7.8.
7.11. Successors and Assigns. The terms, provisions, covenants and conditions
of this Section shall bind and inure to the benefit of the respective successors and assigns
of the Board and the District.
7.12. Expectations.
The Board has reviewed the facts, estimates and
circumstances in existence on the date of issuance of the Bonds. On the basis of the facts
and estimates contained herein, the District has adopted the expectations contained
herein. Such expectations are reasonable and there are no other facts, estimates and
circumstances that would materially change such expectations.
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The District also agrees and covenants with the purchasers and holders of the Bonds from
time to time outstanding that, to the extent possible under Illinois law, it will comply with
whatever federal tax law is adopted in the future which applies to the Bonds and affects the
tax-exempt status of the Bonds.
The Board hereby authorizes the officials of the District responsible for issuing the
Bonds, the same being the President, Secretary and Treasurer of the Board, to make such further
covenants and certifications as may be necessary to assure that the use thereof will not cause the
Bonds to be arbitrage bonds and to assure that the interest on the Bonds will be exempt from
federal income taxation. In connection therewith, the District and the Board further agree:
(a) through their officers, to make such further specific covenants, representations as shall be
truthful, and assurances as may be necessary or advisable; (b) to consult with counsel approving
the Bonds and to comply with such advice as may be given; (c) to pay to the United States, as
necessary, such sums of money representing required rebates of excess arbitrage profits relating
to the Bonds; (d) to file such forms, statements, and supporting documents as may be required
and in a timely manner; and (e) if deemed necessary or advisable by their officers, to employ and
pay fiscal agents, financial advisors, attorneys, and other persons to assist the District in such
compliance.
Section 12.
List of Bondholders. The Bond Registrar shall maintain a list of the names
and addresses of the holders of all Bonds and upon any transfer shall add the name and address
of the new Bondholder and eliminate the name and address of the transferor Bondholder.
Section 13.
Duties of Bond Registrar. If requested by the Bond Registrar, the President
and Secretary of the Board are authorized to execute the Bond Registrar’s standard form of
agreement between the District and the Bond Registrar with respect to the obligations and duties
of the Bond Registrar hereunder which may include the following:
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(a)
to act as bond registrar, authenticating agent, paying agent and transfer
agent as provided herein;
(b)
to maintain a list of Bondholders as set forth herein and to furnish such list
to the District upon request, but otherwise to keep such list confidential;
(c)
to cancel and/or destroy Bonds which have been paid at maturity or
submitted for exchange or transfer;
(d)
to furnish the District at least annually a certificate with respect to Bonds
cancelled and/or destroyed; and
(e)
to furnish the District at least annually an audit confirmation of Bonds
paid, Bonds outstanding and payments made with respect to interest on the Bonds.
Section 14.
Continuing Disclosure Undertaking. The President of the Board is hereby
authorized, empowered and directed to execute and deliver a Continuing Disclosure Undertaking
under Section (b)(5) of Rule 15c2-12 adopted by the Securities and Exchange Commission
pursuant to the Securities Exchange Act of 1934, as amended (the “Continuing Disclosure
Undertaking”). When the Continuing Disclosure Undertaking is executed and delivered on
behalf of the District as herein provided, the Continuing Disclosure Undertaking will be binding
on the District and the officers, employees and agents of the District, and the officers, employees
and agents of the District are hereby authorized, empowered and directed to do all such acts and
things and to execute all such documents as may be necessary to carry out and comply with the
provisions of the Continuing Disclosure Undertaking as executed. Notwithstanding any other
provision of this Ordinance, the sole remedy for failure to comply with the Continuing
Disclosure Undertaking shall be the ability of the beneficial owner of any Bond to seek
mandamus or specific performance by court order to cause the District to comply with its
obligations under the Continuing Disclosure Undertaking.
[Section 15.
Municipal Bond Insurance.
In the event the payment of principal and
interest on the Bonds is insured pursuant to a municipal bond insurance policy (the “Municipal
Bond Insurance Policy”) issued by a bond insurer (the “Bond Insurer”), and as long as such
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Municipal Bond Insurance Policy shall be in full force and effect, the District and the Bond
Registrar agree to comply with such usual and reasonable provisions regarding presentment and
payment of the Bonds, subrogation of the rights of the Bondholders to the Bond Insurer upon
payment of the Bonds by the Bond Insurer, amendment hereof, or other terms, as approved by
the President of the Board on advice of counsel, his or her approval to constitute full and
complete acceptance by the District of such terms and provisions under authority of this
Section.]
Section 16.
Record-Keeping Policy and Post-Issuance Compliance Matters.
It is
necessary and in the best interest of the District to maintain sufficient records to demonstrate
compliance with its covenants and expectations to ensure the appropriate federal tax status for
the Bonds and other debt obligations of the District, the interest on which is excludable from
“gross income” for federal income tax purposes or which enable the District or the holder to
receive federal tax benefits, including, but not limited to, qualified tax credit bonds and other
specified tax credit bonds (including the Bonds, the “Tax Advantaged Obligations”). Further, it
is necessary and in the best interest of the District that (i) the Board adopt policies with respect to
record-keeping and post issuance compliance with the District’s covenants related to its Tax
Advantaged Obligations and (ii) the Compliance Officer (as hereinafter defined) at least annually
review the District’s Contracts (as hereinafter defined) to determine whether the Tax Advantaged
Obligations comply with the federal tax requirements applicable to each issue of the Tax
Advantaged Obligations.
The Board and the District hereby adopt the following
Record-Keeping Policy and, in doing so, amend any similar Record-Keeping Policy or Policies
heretofore adopted:
(a)
Compliance Officer is Responsible for Records. The Chief Financial
Officer of the District (the “Compliance Officer”) is hereby designated as the keeper of
all records of the District with respect to each issue of the Tax Advantaged Obligations,
and such officer shall report to the Board at least annually that he/she has all of the
-41-
required records in his/her possession, or is taking appropriate action to obtain or recover
such records.
(b)
Closing Transcripts. For each issue of Tax Advantaged Obligations, the
Compliance Officer shall receive, and shall keep and maintain, a true, correct and
complete counterpart of each and every document and agreement delivered in connection
with the issuance of the Tax Advantaged Obligations, including without limitation (i) the
proceedings of the District authorizing the Tax Advantaged Obligations, (ii) any offering
document with respect to the offer and sale of the Tax Advantaged Obligations, (iii) any
legal opinions with respect to the Tax Advantaged Obligations delivered by any lawyers,
and (iv) all written representations of any person delivered in connection with the
issuance and initial sale of the Tax Advantaged Obligations.
(c)
Arbitrage Rebate Liability. The Compliance Officer shall review the
agreements of the District with respect to each issue of Tax Advantaged Obligations and
shall prepare a report for the Board stating whether or not the District has any rebate
liability to the United States Treasury, and setting forth any applicable exemptions that
each issue of Tax Advantaged Obligations may have from rebate liability. Such report
shall be updated annually and delivered to the Board.
(d)
Recommended Records. The Compliance Officer shall review the records
related to each issue of Tax Advantaged Obligations and shall determine what
requirements the District must meet in order to maintain the tax-exemption of interest
paid on its Tax Advantaged Obligations, its entitlement to direct payments by the United
States Treasury of the applicable percentages of each interest payment due and owing on
its Tax Advantaged Obligations, and applicable tax credits or other tax benefits arising
from its Tax Advantaged Obligations. The Compliance Officer shall then prepare a list
of the contracts, requisitions, invoices, receipts and other information that may be needed
in order to establish that the interest paid on the Tax Advantaged Obligations is entitled
to be excluded from “gross income” for federal income tax purposes, that the District is
entitled to receive from the United States Treasury direct payments of the applicable
percentages of interest payments coming due and owing on its Tax Advantaged
Obligations, and the entitlement of holders of any Tax Advantaged Obligations to any tax
credits or other tax benefits, respectively. Notwithstanding any other policy of the
District, such retained records shall be kept for as long as the Tax Advantaged
Obligations relating to such records (and any obligations issued to refund the Tax
Advantaged Obligations) are outstanding, plus three years, and shall at least include:
(i) complete copies of the transcripts delivered when any issue of Tax
Advantaged Obligations is initially issued and sold;
(ii) copies of account statements showing the disbursements of all Tax
Advantaged Obligation proceeds for their intended purposes, and records showing
the assets and other property financed by such disbursements;
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(iii) copies of account statements showing all investment activity of
any and all accounts in which the proceeds of any issue of Tax Advantaged
Obligations has been held or in which funds to be used for the payment of
principal of or interest on any Tax Advantaged Obligations has been held, or
which has provided security to the holders or credit enhancers of any Tax
Advantaged Obligations;
(iv) copies of all bid requests and bid responses used in the acquisition
of any special investments used for the proceeds of any issue of Tax Advantaged
Obligations, including any swaps, swaptions, or other financial derivatives
entered into in order to establish that such instruments were purchased at fair
market value;
(v)
copies of any subscriptions to the United States Treasury for the
purchase of State and Local Government Series (SLGS) obligations;
(vi) any calculations of liability for arbitrage rebate that is or may
become due with respect to any issue of Tax Advantaged Obligations, and any
calculations prepared to show that no arbitrage rebate is due, together, if
applicable, with account statements or cancelled checks showing the payment of
any rebate amounts to the United States Treasury together with any applicable
IRS Form 8038-T; and
(vii) copies of all contracts and agreements of the District, including
any leases (the “Contracts”), with respect to the use of any property owned by
the District and acquired, constructed or otherwise financed or refinanced with the
proceeds of the Tax Advantaged Obligations effective at any time when such Tax
Advantaged Obligations are, will or have been outstanding. Copies of contracts
covering no more than 50 days of use and contracts related to District employees
need not be retained.
(e)
IRS Examinations or Inquiries. In the event the IRS commences an
examination of any issue of Tax Advantaged Obligations or requests a response to a
compliance check, questionnaire or other inquiry, the Compliance Officer shall inform
the Board of such event, and is authorized to respond to inquiries of the IRS, and to hire
outside, independent professional counsel to assist in the response to the examination or
inquiry.
(f)
Annual Review. The Compliance Officer shall conduct an annual review
of the Contracts and other records to determine for each issue of Tax Advantaged
Obligations then outstanding whether each such issue complies with the federal tax
requirements applicable to such issue, including restrictions on private business use,
private payments and private loans. The Compliance Officer is expressly authorized,
without further official action of the Board, to hire outside, independent professional
counsel to assist in such review. To the extent that any violations or potential violations
of federal tax requirements are discovered incidental to such review, the Compliance
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Officer may make recommendations or take such actions as the Compliance Officer shall
reasonably deem necessary to assure the timely correction of such violations or potential
violations through remedial actions described in the United States Treasury Regulations,
or the Tax Exempt Bonds Voluntary Closing Agreement Program described in Treasury
Notice 2008-31 or similar program instituted by the IRS.
(g)
Training. The Compliance Officer shall undertake to maintain reasonable
levels of knowledge concerning the rules related to tax-exempt bonds (and build America
bonds and tax credit bonds to the extent the District has outstanding build America bonds
or tax-credit bonds) so that such officer may fulfill the duties described in this Section.
The Compliance Officer may consult with counsel, attend conferences and presentations
of trade groups, read materials posted on various web sites, including the web site of the
Tax Exempt Bond function of the IRS, and use other means to maintain such knowledge.
Recognizing that the Compliance Officer may not be fully knowledgeable in this area, the
Compliance Officer may consult with outside counsel, consultants and experts to assist
him or her in exercising his or her duties hereunder. The Compliance Officer will
endeavor to make sure that the District’s staff is aware of the need for continuing
compliance. The Compliance Officer will provide copies of this Ordinance and the Tax
Exemption Certificate and Agreement or other applicable tax documents for each series
of Tax Advantaged Obligations then currently outstanding (the “Tax Agreements”) to
staff members who may be responsible for taking actions described in such documents.
The Compliance Officer should assist in the education of any new Compliance Officer
and the transition of the duties under these procedures. The Compliance Officer will
review this Ordinance and each of the Tax Agreements periodically to determine if there
are portions that need further explanation and, if so, will attempt to obtain such
explanation from counsel or from other experts, consultants or staff.
(h)
Amendment and Waiver. The procedures described in this Section are
only for the benefit of the District. No other person (including an owner of a Tax
Advantaged Obligation) may rely on the procedures included in this Section. The
District may amend this Section and any provision of this Section may be waived,
without the consent of the holders of any Tax Advantaged Obligations and as authorized
by passage of an ordinance by the Board. Additional procedures may be required for Tax
Advantaged Obligations the proceeds of which are used for purposes other than capital
governmentally owned projects or refundings of such, including tax increment financing
bonds, bonds financing output facilities, bonds financing working capital, or private
activity bonds. The District also recognizes that these procedures may need to be revised
in the event the District enters into any derivative products with respect to its Tax
Advantaged Obligations.
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Section 17.
Severability.
If any section, paragraph, clause or provision of this
Ordinance shall be held to be invalid or unenforceable for any reason, the invalidity or
unenforceability of such section, paragraph, clause or provision shall not affect any of the
remaining provisions of this Ordinance.
Section 18.
Repeal. All ordinances, resolutions or parts thereof in conflict herewith be
and the same are hereby repealed and this Ordinance shall be in full force and effect forthwith
upon its adoption.
Adopted November 9, 2015.
_______________________________________
Attest:
__________________________________
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ORDINANCE NO. 464
AN ORDINANCE providing for the issue of $___________ General
Obligation Refunding Park Bonds, Series 2015B, of the Fox
Illinois, for the purpose of refunding certain outstanding bonds of
said Park District, providing for the levy of a direct annual tax
sufficient to pay the principal and interest on said bonds, and
authorizing the sale of said bonds to the purchaser thereof.
*
*
*
Illinois (the “District”), is a duly organized and existing Park District created under the
provisions of the laws of the State of Illinois, and is now operating under the provisions of the
Park District Code of the State of Illinois, and all laws amendatory thereof and supplementary
thereto; and
WHEREAS, the District has outstanding General Obligation Bonds, Series 2009, dated
February 1, 2009 (the “Prior Bonds”); and
WHEREAS, it is necessary and desirable to refund all of the Prior Bonds (said Prior Bonds
to be refunded being referred to herein as the “Refunded Bonds”) in order to realize debt service
savings for the District; and
WHEREAS, the Refunded Bonds shall be fully described in the Escrow Agreement
referred to in Section 12 hereof and are presently outstanding and unpaid and are binding and
subsisting legal obligations of the District; and
WHEREAS, the Board of Trustees of the District (the “Board”) has determined that in
order to refund the Refunded Bonds, it is necessary and in the best interests of the District to
borrow $______________ at this time and issue bonds of the District therefor; and
WHEREAS, the bonds to be issued hereunder shall be payable from a direct annual ad
valorem tax levied against all taxable property in the District, without limitation as to rate or
amount; and
WHEREAS, the Property Tax Extension Limitation Law of the State of Illinois, as
amended, imposes certain limitations on the “aggregate extension” of certain property taxes
levied by the District, but provides that the definition of “aggregate extension” applicable to the
District contained in Section 18-185 of the Property Tax Code of the State of Illinois, as
amended, does not include extensions “made for any taxing district to pay interest or principal on
bonds issued to refund or continue to refund bonds issued after October 1, 1991 that were
approved by referendum”; and
WHEREAS, the Board does hereby find and determine that the Prior Bonds were issued
after October 1, 1991, and were approved by referendum; and
WHEREAS, the County Clerks of The Counties of Kane, DuPage, Kendall and Will,
Illinois (the “County Clerks”), are therefore authorized to extend and collect said tax so levied
for the payment of the bonds to be issued hereunder without limitation as to rate or amount:
NOW, THEREFORE, Be It Ordained by the Board of Trustees of the Fox Valley Park
District, Kane, DuPage, Kendall and Will Counties, Illinois, as follows:
Section 1.
Section 2.
Authorization. It is hereby found and determined that the District has been
authorized by law to borrow the sum of $_____________ upon the credit of the District and as
evidence of such indebtedness to issue bonds of the District in said amount, the proceeds of said
bonds to be used to refund the Refunded Bonds, and that it is necessary and for the best interests
of the District that there be issued at this time $___________ of the bonds so authorized.
Section 3.
Bond Details. There be borrowed on the credit of and for and on behalf of
the District the sum of $___________ for the purpose aforesaid; and that bonds of the District
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(the “Bonds”) shall be issued in said amount and shall be designated “General Obligation
Refunding Park Bonds, Series 2015B.” The Bonds shall be dated December 1, 2015, and shall
also bear the date of authentication, shall be in fully registered form, shall be in denominations of
$5,000 each or authorized integral multiples thereof (but no single Bond shall represent
installments of principal maturing on more than one date), and shall be numbered 1 and upward,
and the Bonds shall become due and payable serially (subject to option of prior redemption as
hereinafter set forth) on December 15 of each of the years, in the amounts and bearing interest
per annum as follows:
YEAR OF
MATURITY
PRINCIPAL
AMOUNT
RATE OF
INTEREST
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
$
%
%
%
%
%
%
%
%
%
%
%
%
The Bonds shall bear interest from their date or from the most recent interest payment
date to which interest has been paid or duly provided for, until the principal amount of the Bonds
is paid, such interest (computed upon the basis of a 360-day year of twelve 30-day months) being
payable on June 15 and December 15 of each year, commencing on June 15, 2016. Interest on
each Bond shall be paid by check or draft of Amalgamated Bank of Chicago, Chicago, Illinois
(the “Bond Registrar”), payable upon presentation in lawful money of the United States of
America, to the person in whose name such Bond is registered at the close of business on the
1st day of the month of the interest payment date. The principal of the Bonds shall be payable in
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lawful money of the United States of America at the principal corporate trust office of the Bond
Registrar.
The Bonds shall be signed by the manual or facsimile signatures of the President and
Secretary of the Board, and shall be countersigned by the manual or facsimile signature of the
Treasurer of the Board, as they shall determine, and the seal of the District shall be affixed
thereto or printed thereon, and in case any officer whose signature shall appear on any Bond
shall cease to be such officer before the delivery of such Bond, such signature shall nevertheless
be valid and sufficient for all purposes, the same as if such officer had remained in office until
delivery. If the Secretary or the Treasurer of the Board is unable to perform the duties of his or
her respective office, then their duties under this Ordinance shall be performed by the Assistant
Secretary or the Assistant Treasurer of the Board, respectively.
All Bonds shall have thereon a certificate of authentication substantially in the form
hereinafter set forth duly executed by the Bond Registrar, acting as such and as authenticating
agent of the District and showing the date of authentication.
No Bond shall be valid or
obligatory for any purpose or be entitled to any security or benefit under this Ordinance unless
and until such certificate of authentication shall have been duly executed by the Bond Registrar
by manual signature, and such certificate of authentication upon any such Bond shall be
conclusive evidence that such Bond has been authenticated and delivered under this Ordinance.
The certificate of authentication on any Bond shall be deemed to have been executed by the
Bond Registrar if signed by an authorized officer of the Bond Registrar, but it shall not be
necessary that the same officer sign the certificate of authentication on all of the Bonds issued
hereunder.
Section 4.
Registration of Bonds; Persons Treated as Owners. (a) General. The
District shall cause books (the “Bond Register”) for the registration and for the transfer of the
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Bonds as provided in this Ordinance to be kept at the principal corporate trust office of the Bond
Registrar, which is hereby constituted and appointed the registrar of the District. The District is
authorized to prepare, and the Bond Registrar shall keep custody of, multiple Bond blanks
executed by the District for use in the transfer and exchange of Bonds.
Upon surrender for transfer of any Bond at the principal corporate trust office of the
Bond Registrar, duly endorsed by, or accompanied by a written instrument or instruments of
transfer in form satisfactory to the Bond Registrar and duly executed by, the registered owner or
his attorney duly authorized in writing, the District shall execute and the Bond Registrar shall
authenticate, date and deliver in the name of the transferee or transferees a new fully registered
Bond or Bonds of the same maturity of authorized denominations, for a like aggregate principal
amount. Any fully registered Bond or Bonds may be exchanged at said office of the Bond
Registrar for a like aggregate principal amount of Bond or Bonds of the same maturity of other
authorized denominations. The execution by the District of any fully registered Bond shall
constitute full and due authorization of such Bond and the Bond Registrar shall thereby be
authorized to authenticate, date and deliver such Bond; provided, however, the principal amount
of outstanding Bonds of each maturity authenticated by the Bond Registrar shall not exceed the
authorized principal amount of Bonds for such maturity less previous retirements.
The Bond Registrar shall not be required to transfer or exchange any Bond during the
date on such Bond and ending at the opening of business on such interest payment date, nor to
transfer or exchange any Bond after notice calling such Bond for redemption has been mailed,
nor during a period of fifteen (15) days next preceding mailing of a notice of redemption of any
Bonds.
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The person in whose name any Bond shall be registered shall be deemed and regarded as
the absolute owner thereof for all purposes, and payment of the principal of or interest on any
Bond shall be made only to or upon the order of the registered owner thereof or his legal
representative. All such payments shall be valid and effectual to satisfy and discharge the
liability upon such Bond to the extent of the sum or sums so paid.
No service charge shall be made for any transfer or exchange of Bonds, but the District or
the Bond Registrar may require payment of a sum sufficient to cover any tax or other
governmental charge that may be imposed in connection with any transfer or exchange of Bonds
except in the case of the issuance of a Bond or Bonds for the unredeemed portion of a Bond
surrendered for redemption.
(b)
Global Book-Entry System. The Bonds shall be initially issued in the form of a
separate single fully registered Bond for each of the maturities of the Bonds determined as
described in Section 3 hereof. Upon initial issuance, the ownership of each such Bond shall be
registered in the Bond Register in the name of Cede & Co., or any successor thereto (“Cede”), as
nominee of The Depository Trust Company, New York, New York, and its successors and
assigns (“DTC”). All of the outstanding Bonds shall be registered in the Bond Register in the
name of Cede, as nominee of DTC, except as hereinafter provided. The President and Secretary
of the Board, the chief administrative and executive officer and chief financial officer of the
District and the Bond Registrar are each authorized to execute and deliver, on behalf of the
District, such letters to or agreements with DTC as shall be necessary to effectuate such
book-entry system (any such letter or agreement being referred to herein as the “Representation
Letter”), which Representation Letter may provide for the payment of principal of or interest on
the Bonds by wire transfer.
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With respect to Bonds registered in the Bond Register in the name of Cede, as nominee
of DTC, the District and the Bond Registrar shall have no responsibility or obligation to any
broker-dealer, bank or other financial institution for which DTC holds Bonds from time to time
as securities depository (each such broker-dealer, bank or other financial institution being
referred to herein as a “DTC Participant”) or to any person on behalf of whom such a DTC
Participant holds an interest in the Bonds. Without limiting the immediately preceding sentence,
the District and the Bond Registrar shall have no responsibility or obligation with respect to
(i) the accuracy of the records of DTC, Cede or any DTC Participant with respect to any
ownership interest in the Bonds, (ii) the delivery to any DTC Participant or any other person,
other than a registered owner of a Bond as shown in the Bond Register, of any notice with
respect to the Bonds, including any notice of redemption, or (iii) the payment to any DTC
Participant or any other person, other than a registered owner of a Bond as shown in the Bond
Register, of any amount with respect to the principal of or interest on the Bonds. The District
and the Bond Registrar may treat and consider the person in whose name each Bond is registered
in the Bond Register as the holder and absolute owner of such Bond for the purpose of payment
of principal and interest with respect to such Bond, for the purpose of giving notices of
redemption and other matters with respect to such Bond, for the purpose of registering transfers
with respect to such Bond, and for all other purposes whatsoever. The Bond Registrar shall pay
all principal of and interest on the Bonds only to or upon the order of the respective registered
owners of the Bonds, as shown in the Bond Register, or their respective attorneys duly
authorized in writing, and all such payments shall be valid and effective to fully satisfy and
discharge the District’s obligations with respect to payment of the principal of and interest on the
Bonds to the extent of the sum or sums so paid. No person other than a registered owner of a
Bond as shown in the Bond Register, shall receive a Bond evidencing the obligation of the
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District to make payments of principal and interest with respect to any Bond. Upon delivery by
DTC to the Bond Registrar of written notice to the effect that DTC has determined to substitute a
new nominee in place of Cede, and subject to the provisions in Section 3 hereof with respect to
the payment of interest to the registered owners of Bonds at the close of business on the 1st day
of the month of the applicable interest payment date, the name “Cede” in this Ordinance shall
refer to such new nominee of DTC.
In the event that (i) the District determines that DTC is incapable of discharging its
responsibilities described herein and in the Representation Letter, (ii) the agreement among the
District, the Bond Registrar and DTC evidenced by the Representation Letter shall be terminated
for any reason or (iii) the District determines that it is in the best interests of the beneficial
owners of the Bonds that they be able to obtain certificated Bonds, the District shall notify DTC
and DTC Participants of the availability through DTC of certificated Bonds and the Bonds shall
no longer be restricted to being registered in the Bond Register in the name of Cede, as nominee
of DTC. At that time, the District may determine that the Bonds shall be registered in the name
of and deposited with such other depository operating a universal book-entry system, as may be
acceptable to the District, or such depository’s agent or designee, and if the District does not
select such alternate universal book-entry system, then the Bonds may be registered in whatever
name or names registered owners of Bonds transferring or exchanging Bonds shall designate, in
accordance with the provisions of Section 4(a) hereof.
Notwithstanding any other provisions of this Ordinance to the contrary, so long as any
Bond is registered in the name of Cede, as nominee of DTC, all payments with respect to
principal of and interest on such Bond and all notices with respect to such Bond shall be made
and given, respectively, in the name provided in the Representation Letter.
-8-
Section 5.
Redemption. The Bonds due on or after December 15, 2025, shall be
subject to redemption prior to maturity at the option of the District as a whole or in part in
integral multiples of $5,000 in any order of their maturity as determined by the District (less than
all of the Bonds of a single maturity to be selected by the Bond Registrar), on December 15,
2024, and on any date thereafter, at the redemption price of par plus accrued interest to the
redemption date.
The Bonds shall be redeemed only in the principal amount of $5,000 and integral
multiples thereof.
The District shall, at least forty-five (45) days prior to any optional
redemption date (unless a shorter time period shall be satisfactory to the Bond Registrar) notify
the Bond Registrar of such redemption date and of the principal amount and maturity or
maturities of Bonds to be redeemed. For purposes of any redemption of less than all of the
outstanding Bonds of a single maturity, the particular Bonds or portions of Bonds to be redeemed
shall be selected by lot by the Bond Registrar from the Bonds of such maturity by such method
of lottery as the Bond Registrar shall deem fair and appropriate; provided that such lottery shall
provide for the selection for redemption of Bonds or portions thereof so that any $5,000 Bond or
$5,000 portion of a Bond shall be as likely to be called for redemption as any other such $5,000
Bond or $5,000 portion. The Bond Registrar shall make such selection upon the earlier of the
irrevocable deposit of funds with an escrow agent sufficient to pay the redemption price of the
Bonds to be redeemed or the time of the giving of official notice of redemption.
The Bond Registrar shall promptly notify the District in writing of the Bonds or portions
of Bonds selected for redemption and, in the case of any Bond selected for partial redemption,
the principal amount thereof to be redeemed.
Section 6.
Redemption Procedure.
Unless waived by any holder of Bonds to be
redeemed, notice of the call for any such redemption shall be given by the Bond Registrar on
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behalf of the District by mailing the redemption notice by first class mail at least thirty (30) days
and not more than sixty (60) days prior to the date fixed for redemption to the registered owner
of the Bond or Bonds to be redeemed at the address shown on the Bond Register or at such other
address as is furnished in writing by such registered owner to the Bond Registrar.
All notices of redemption shall state:
(1)
the redemption date,
(2)
the redemption price,
(3) if less than all outstanding Bonds are to be redeemed, the identification
(and, in the case of partial redemption, the respective principal amounts) of the Bonds to
be redeemed,
(4) that on the redemption date the redemption price will become due and
payable upon each such Bond or portion thereof called for redemption, and that interest
thereon shall cease to accrue from and after said date,
(5) the place where such Bonds are to be surrendered for payment of the
redemption price, which place of payment shall be the principal corporate trust office of
the Bond Registrar, and
(6)
standard.
such other information then required by custom, practice or industry
Unless moneys sufficient to pay the redemption price of the Bonds to be redeemed at the
option of the District shall have been received by the Bond Registrar prior to the giving of such
notice of redemption, such notice may, at the option of the District, state that said redemption
shall be conditional upon the receipt of such moneys by the Bond Registrar on or prior to the
date fixed for redemption. If such moneys are not received, such notice shall be of no force and
effect, the District shall not redeem such Bonds, and the Bond Registrar shall give notice, in the
same manner in which the notice of redemption shall have been given, that such moneys were
not so received and that such Bonds will not be redeemed. Otherwise, prior to any redemption
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date, the District shall deposit with the Bond Registrar an amount of money sufficient to pay the
redemption price of all the Bonds or portions of Bonds which are to be redeemed on that date.
Subject to the provisions for a conditional redemption described above, notice of
redemption having been given as aforesaid, the Bonds or portions of Bonds so to be redeemed
shall, on the redemption date, become due and payable at the redemption price therein specified,
and from and after such date (unless the District shall default in the payment of the redemption
price) such Bonds or portions of Bonds shall cease to bear interest. Upon surrender of such
Bonds for redemption in accordance with said notice, such Bonds shall be paid by the Bond
Registrar at the redemption price. Installments of interest due on or prior to the redemption date
shall be payable as herein provided for payment of interest. Upon surrender for any partial
redemption of any Bond, there shall be prepared for the registered holder a new Bond or Bonds
of the same maturity in the amount of the unpaid principal.
If any Bond or portion of Bond called for redemption shall not be so paid upon surrender
thereof for redemption, the principal shall, until paid, bear interest from the redemption date at
the rate borne by the Bond or portion of Bond so called for redemption. All Bonds which have
been redeemed shall be cancelled and destroyed by the Bond Registrar and shall not be reissued.
Section 7.
Form of Bond. The Bonds shall be in substantially the following form;
provided, however, that if the text of the Bond is to be printed in its entirety on the front side of
the Bond, then paragraph [2] and the legend, “See Reverse Side for Additional Provisions”, shall
be omitted and paragraphs [6] through [11] shall be inserted immediately after paragraph [1]:
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(Form of Bond - Front Side)
REGISTERED
NO. ______
REGISTERED
$_________
UNITED STATES OF AMERICA
STATE OF ILLINOIS
COUNTIES OF KANE, DUPAGE, KENDALL AND WILL
GENERAL OBLIGATION REFUNDING PARK BOND, SERIES 2015B
See Reverse Side for
Additional Provisions
Interest
Rate: ____%
Maturity
Date: December 15, 20__
Dated
Date: December 1, 2015
CUSIP 351592 ___
Registered Owner:
Principal Amount:
[1]
KNOW ALL PERSONS BY THESE PRESENTS, that the Fox Valley Park District, Kane,
DuPage, Kendall and Will Counties, Illinois (the “District”), hereby acknowledges itself to owe
and for value received promises to pay to the Registered Owner identified above, or registered
assigns as hereinafter provided, on the Maturity Date identified above, the Principal Amount
identified above and to pay interest (computed on the basis of a 360-day year of twelve 30-day
months) on such Principal Amount from the date of this Bond or from the most recent interest
payment date to which interest has been paid at the Interest Rate per annum set forth above on
June 15 and December 15 of each year, commencing June 15, 2016, until said Principal Amount
is paid. Principal of this Bond is payable in lawful money of the United States of America upon
presentation and surrender hereof at the principal corporate trust office of Amalgamated Bank of
Chicago, Chicago, Illinois, as bond registrar and paying agent (the “Bond Registrar”). Payment
of the installments of interest shall be made to the Registered Owner hereof as shown on the
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registration books of the District maintained by the Bond Registrar at the close of business on the
1st day of the month of each interest payment date and shall be paid by check or draft of the
Bond Registrar, payable upon presentation in lawful money of the United States of America,
mailed to the address of such Registered Owner as it appears on such registration books or at
such other address furnished in writing by such Registered Owner to the Bond Registrar. For the
prompt payment of this Bond, both principal and interest at maturity, the full faith, credit and
resources of the District are hereby irrevocably pledged.
[2]
Reference is hereby made to the further provisions of this Bond set forth on the
reverse hereof and such further provisions shall for all purposes have the same effect as if set
forth at this place.
[3]
It is hereby certified and recited that all conditions, acts and things required by law
to exist or to be done precedent to and in the issuance of this Bond did exist, have happened,
been done and performed in regular and due form and time as required by law; that the
indebtedness of the District, including the issue of bonds of which this is one, does not exceed
any limitation imposed by law; and that provision has been made for the collection of a direct
annual tax sufficient to pay the interest hereon as it falls due and also to pay and discharge the
principal hereof at maturity.
[4]
This Bond shall not be valid or become obligatory for any purpose until the
certificate of authentication hereon shall have been signed by the Bond Registrar.
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[5]
IN WITNESS WHEREOF, said Fox Valley Park District, Kane, DuPage, Kendall and
Will Counties, Illinois, by its Board of Trustees, has caused this Bond to be signed by the manual
or duly authorized facsimile signatures of the President and Secretary of said Board of Trustees,
and to be countersigned by the manual or duly authorized facsimile signature of the Treasurer
thereof, and has caused the seal of the District to be affixed hereto or printed hereon, all as of the
Dated Date identified above.
SPECIMEN
(SEAL)
SPECIMEN
Countersigned:
SPECIMEN
Date of Authentication: ___________, 20___
CERTIFICATE
Bond Registrar and Paying Agent:
Amalgamated Bank of Chicago
Chicago, Illinois
OF
AUTHENTICATION
This Bond is one of the Bonds described
in the within mentioned ordinance and is one
of the General Obligation Refunding Park
Bonds, Series 2015B, of the Fox Valley Park
District, Kane, DuPage, Kendall and Will
Counties, Illinois.
AMALGAMATED BANK OF CHICAGO,
as Bond Registrar
By
SPECIMEN
Authorized Officer
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[Form of Bond - Reverse Side]
KANE, DUPAGE, KENDALL AND WILL COUNTIES, ILLINOIS
GENERAL OBLIGATION REFUNDING PARK BOND, SERIES 2015B
[6]
This Bond is one of a series of bonds issued by the District for the purpose of
refunding certain outstanding bonds of the District, pursuant to and in all respects in full
compliance with the provisions of the Park District Code of the State of Illinois and the Park
District Refunding Bond Act of the State of Illinois, and all laws amendatory thereof and
supplementary thereto, including the Local Government Debt Reform Act of the State of Illinois,
as amended, and is authorized by said Board of Trustees by an ordinance duly and properly
adopted for that purpose, in all respects as provided by law.
[7]
Bonds of the issue of which this Bond is one due on or after December 15, 2025, are
subject to redemption prior to maturity at the option of the District as a whole or in part in
integral multiples of $5,000 in any order of their maturity as determined by the District (less than
all the Bonds of a single maturity to be selected by lot by the Bond Registrar), on December 15,
2024, and on any date thereafter, at the redemption price of par plus accrued interest to the
redemption date.
[8]
Notice of any such redemption shall be sent by first class mail not less than thirty
(30) days nor more than sixty (60) days prior to the date fixed for redemption to the registered
owner of each Bond to be redeemed at the address shown on the registration books of the District
maintained by the Bond Registrar or at such other address as is furnished in writing by such
registered owner to the Bond Registrar. When so called for redemption, this Bond will cease to
bear interest on the specified redemption date, provided funds for redemption are on deposit at
the place of payment at that time, and shall not be deemed to be outstanding.
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[9]
This Bond is transferable by the Registered Owner hereof in person or by his
attorney duly authorized in writing at the principal corporate trust office of the Bond Registrar in
Chicago, Illinois, but only in the manner, subject to the limitations and upon payment of the
charges provided in the authorizing ordinance, and upon surrender and cancellation of this Bond.
Upon such transfer a new Bond or Bonds of authorized denominations of the same maturity and
for the same aggregate principal amount will be issued to the transferee in exchange therefor.
[10]
The Bonds are issued in fully registered form in the denomination of $5,000 each or
authorized integral multiples thereof. This Bond may be exchanged at the principal corporate
trust office of the Bond Registrar for a like aggregate principal amount of Bonds of the same
maturity of other authorized denominations, upon the terms set forth in the authorizing
ordinance. The Bond Registrar shall not be required to transfer or exchange any Bond during the
date on such Bond and ending at the opening of business on such interest payment date, nor to
transfer or exchange any Bond after notice calling such Bond for redemption has been mailed,
nor during a period of fifteen (15) days next preceding mailing of a notice of redemption of any
Bonds.
[11]
The District and the Bond Registrar may deem and treat the Registered Owner
hereof as the absolute owner hereof for the purpose of receiving payment of or on account of
principal hereof and interest due hereon and for all other purposes and neither the District nor the
Bond Registrar shall be affected by any notice to the contrary.
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(ASSIGNMENT)
FOR VALUE RECEIVED, the undersigned sells, assigns and transfers unto ____________________
______________________________________________________________________________
(Name and Address of Assignee)
the within Bond and does hereby irrevocably constitute and appoint _______________________
______________________________________________________________________________
as attorney to transfer the said Bond on the books kept for registration thereof with full power of
substitution in the premises.
Dated: ___________________________
___________________________
Signature guaranteed: ___________________________
NOTICE:
The signature to this assignment must correspond with the name of the Registered
owner as it appears upon the face of the within Bond in every particular, without
alteration or enlargement or any change whatever.
Section 8.
Sale of Bonds. The Bonds hereby authorized shall be executed as in this
Ordinance provided as soon after the passage hereof as may be, and thereupon be deposited with
the Treasurer of the Board, and be by said Treasurer delivered to ______________,
______________, _____________, the purchaser thereof (the “Purchaser”), upon receipt of the
purchase price therefor, the same being $____________, plus any accrued interest to date of
delivery; the contract for the sale of the Bonds heretofore entered into (the “Purchase Contract”)
is in all respects ratified, approved and confirmed, it being hereby found and determined that the
Bonds have been sold at such price and bear interest at such rates that neither the true interest
cost (yield) nor the net interest rate received upon such sale exceed the maximum rate otherwise
authorized by Illinois law and that the Purchase Contract is in the best interests of the District
and that no person holding any office of the District, either by election or appointment, is in any
manner financially interested directly in his own name or indirectly in the name of any other
person, association, trust or corporation, in the Purchase Contract.
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The use by the Purchaser of any Preliminary Official Statement and any final Official
Statement relating to the Bonds (the “Official Statement”) is hereby ratified, approved and
authorized; the execution and delivery of the Official Statement is hereby authorized; and the
officers of the Board are hereby authorized to take any action as may be required on the part of
the District to consummate the transactions contemplated by the Purchase Contract, this
Ordinance, said Preliminary Official Statement, the Official Statement and the Bonds.
Section 9.
Tax Levy. In order to provide for the collection of a direct annual tax
sufficient to pay the interest on the Bonds as it falls due, and also to pay and discharge the
principal thereof at maturity, there be and there is hereby levied upon all the taxable property
within the District a direct annual tax for each of the years while the Bonds or any of them are
outstanding, in amounts sufficient for that purpose, and that there be and there is hereby levied
upon all of the taxable property in the District, the following direct annual tax, to-wit:
FOR THE YEAR
2015
A TAX SUFFICIENT TO PRODUCE THE SUM OF:
$
for interest and principal up to and
including December 15, 2016
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
Principal or interest maturing at any time when there are not sufficient funds on hand
from the foregoing tax levy to pay the same shall be paid from the general funds of the District,
and the fund or funds from which such payment shall have been made shall be reimbursed out of
the taxes hereby levied when the same shall have been collected.
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The District covenants and agrees with the purchasers and the holders of the Bonds that
so long as any of the Bonds remain outstanding, the District will take no action or fail to take any
action which in any way would adversely affect the ability of the District to levy and collect the
foregoing tax levy and the District and its officers will comply with all present and future
applicable laws in order to assure that the foregoing taxes will be levied, extended and collected
as provided herein and deposited in the fund hereinafter established to pay the principal of and
interest on the Bonds.
Section 10.
Filing of Ordinance and Certificate of Reduction of Taxes. Forthwith upon
the passage of this Ordinance, the Secretary of the Board is hereby directed to file a certified
copy of this Ordinance with the County Clerks and it shall be the duty of the County Clerks to
annually in and for each of the years 2015 to 2026, inclusive, ascertain the rate necessary to
produce the tax herein levied, and extend the same for collection on the tax books against all of
the taxable property within the District in connection with other taxes levied in each of said years
for park purposes, in order to raise the respective amounts aforesaid and in each of said years
such annual tax shall be computed, extended and collected in the same manner as now or
hereafter provided by law for the computation, extension and collection of taxes for general park
purposes of the District, and when collected, the taxes hereby levied shall be placed to the credit
of a special fund to be designated “Refunding Park Bond and Interest Account of 2015B” (the
“Bond Fund”), which taxes are hereby irrevocably pledged to and shall be used only for the
purpose of paying the principal of and interest on the Bonds.
The President, Secretary and Treasurer of the Board be and the same are hereby directed
to prepare and file with the County Clerks a Certificate of Reduction of Taxes Heretofore Levied
for the Payment of Bonds showing the Prior Bonds being refunded and directing the abatement
of the taxes heretofore levied for the years 2015 to 2026, inclusive, to pay the Refunded Bonds.
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Section 11.
Use of Taxes Heretofore Levied. All proceeds received or to be received
from any taxes heretofore levied to pay principal and interest on the Refunded Bonds, including
the proceeds received or to be received from the taxes levied for the year 2014 for such purpose,
shall be used to pay the principal of and interest on the Refunded Bonds and to the extent that
such proceeds are not needed for such purpose because of the establishment of the escrow
referred to in Section 12 hereof, the same shall be deposited into the Bond Fund and used to pay
principal and interest on the Bonds in accordance with all of the provisions of this Ordinance.
Section 12.
Use of Bond Proceeds. Any accrued interest received on the delivery of
the Bonds is hereby appropriated for the purpose of paying first interest due on the Bonds and is
hereby ordered deposited into the Bond Fund.
Simultaneously with the delivery of the Bonds, the principal proceeds of the Bonds,
together with any premium received from the sale of the Bonds, and such additional amounts as
may be necessary from the general funds of the District, are hereby appropriated to pay the costs
of issuance of the Bonds and for the purpose of refunding the Refunded Bonds, and that portion
thereof not needed to pay such costs is hereby ordered deposited in escrow pursuant to an
Escrow Agreement to be hereafter authorized by the Board for the purpose of paying the
principal of and interest on the Refunded Bonds as such become due as provided in said Escrow
Agreement. At the time of the issuance of the Bonds, the costs of issuance of the Bonds may be
paid by the Purchaser on behalf of the District from the proceeds of the Bonds.
Section 13.
Non-Arbitrage and Tax-Exemption. One purpose of this Section is to set
forth various facts regarding the Bonds and to establish the expectations of the Board and the
District as to future events regarding the Bonds and the use of Bond proceeds. The certifications,
covenants and representations contained herein and at the time of the Closing are made on behalf
of the District for the benefit of the owners from time to time of the Bonds. In addition to
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providing the certifications, covenants and representations contained herein, the District hereby
covenants that it will not take any action, omit to take any action or permit the taking or omission
of any action within its control (including, without limitation, making or permitting any use of
the proceeds of the Bonds) if taking, permitting or omitting to take such action would cause any
of the Bonds to be an arbitrage bond or a private activity bond within the meaning of the
hereinafter defined Code or would otherwise cause the interest on the Bonds to be included in the
gross income of the recipients thereof for federal income tax purposes.
The District
acknowledges that, in the event of an examination by the Internal Revenue Service (the “IRS”)
of the exemption from federal income taxation for interest paid on the Bonds, under present
rules, the District may be treated as a “taxpayer” in such examination and agrees that it will
respond in a commercially reasonable manner to any inquiries from the IRS in connection with
such an examination. The Board and the District certify, covenant and represent as follows:
1.1. Definitions. In addition to such other words and terms used and defined in
this Ordinance, the following words and terms used in this Section shall have the
following meanings unless, in either case, the context or use clearly indicates another or
different meaning is intended:
“Affiliated Person” means any Person that (a) at any time during the six months
prior to the execution and delivery of the Bonds, (i) has more than five percent of the
voting power of the governing body of the District in the aggregate vested in its directors,
officers, owners, and employees or, (ii) has more than five percent of the voting power of
its governing body in the aggregate vested in directors, officers, board members or
employees of the District or (b) during the one-year period beginning six months prior to
the execution and delivery of the Bonds, (i) the composition of the governing body of
which is modified or established to reflect (directly or indirectly) representation of the
interests of the District (or there is an agreement, understanding, or arrangement relating
to such a modification or establishment during that one-year period) or (ii) the
composition of the governing body of the District is modified or established to reflect
(directly or indirectly) representation of the interests of such Person (or there is an
agreement, understanding, or arrangement relating to such a modification or
establishment during that one-year period).
“Bond Counsel” means Chapman and Cutler LLP or any other nationally
recognized firm of attorneys experienced in the field of municipal bonds whose opinions
are generally accepted by purchasers of municipal bonds.
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“Capital Expenditures” means costs of a type that would be properly chargeable
to a capital account under the Code (or would be so chargeable with a proper election)
under federal income tax principles if the District were treated as a corporation subject to
federal income taxation, taking into account the definition of Placed-in-Service set forth
herein.
“Closing” means the first date on which the District is receiving the purchase
price for the Bonds.
“Code” means the Internal Revenue Code of 1986, as amended.
“Commingled Fund” means any fund or account containing both Gross Proceeds
and an amount in excess of $25,000 that are not Gross Proceeds if the amounts in the
fund or account are invested and accounted for, collectively, without regard to the source
of funds deposited in the fund or account. An open-ended regulated investment company
under Section 851 of the Code is not a Commingled Fund.
“Control” means the possession, directly or indirectly through others, of either of
the following discretionary and non-ministerial rights or powers over another entity:
(a) to approve and to remove without cause a controlling portion of the
governing body of a Controlled Entity; or
(b)
purpose.
to require the use of funds or assets of a Controlled Entity for any
“Controlled Entity” means any entity or one of a group of entities that is subject
to Control by a Controlling Entity or group of Controlling Entities.
“Controlled Group” means a group of entities directly or indirectly subject to
Control by the same entity or group of entities, including the entity that has Control of the
other entities.
“Controlling Entity” means any entity or one of a group of entities directly or
indirectly having Control of any entities or group of entities.
“Costs of Issuance” means the costs of issuing the Bonds, including underwriters’
discount and legal fees[, but not including the fees for the Credit Facility described in
paragraph 5.8 hereof].
[“Credit Facility” means the municipal bond insurance policy issued by the
Credit Facility Provider.]
[“Credit Facility Provider” means ______________, New York, New York].
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“Escrow Account” means the account established pursuant to the Escrow
Agreement.
“Escrow Agent” means Amalgamated Bank of Chicago, Chicago, Illinois, as
escrow agent under the Escrow Agreement.
“Escrow Agreement” means the agreement between the Escrow Agent and the
District providing for the deposit in trust of certain Government Securities for the
purpose of refunding in advance of maturity the Refunded Bonds.
“External Commingled Fund” means a Commingled Fund in which the District
and all members of the same Controlled Group as the District own, in the aggregate, not
more than ten percent of the beneficial interests.
“GIC” means (a) any investment that has specifically negotiated withdrawal or
reinvestment provisions and a specifically negotiated interest rate and (b) any agreement
to supply investments on two or more future dates (e.g., a forward supply contract).
“Government Securities” means the obligations held and to be held under the
Escrow Agreement.
“Gross Proceeds” means amounts in the Bond Fund and the Escrow Account.
“Net Sale Proceeds” means amounts actually or constructively received from the
sale of the Bonds reduced by any such amounts that are deposited in a reasonably
required reserve or replacement fund for the Bonds.
“Person” means any entity with standing to be sued or to sue, including any
natural person, corporation, body politic, governmental unit, agency, authority,
partnership, trust, estate, association, company, or group of any of the above.
“Placed-in-Service” means the date on which, based on all facts and
circumstances (a) a facility has reached a degree of completion that would permit its
operation at substantially its design level and (b) the facility is, in fact, in operation at
such level.
“Prior Bond Fund” means the fund or funds established in connection with the
issuance of the Prior Bonds to pay the debt service on the Prior Bonds.
“Prior Bond Proceeds” means amounts actually or constructively received from
the sale of the Refunded Bonds and all other amounts properly treated as gross proceeds
of the Refunded Bonds under the Regulations, including (a) amounts used to pay
underwriters’ discount or compensation and accrued interest, other than accrued interest
for a period not greater than one year before the Refunded Bonds were issued but only if
it is to be paid within one year after the Refunded Bonds were issued and (b) amounts
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derived from the sale of any right that is part of the terms of a Refunded Bond or is
otherwise associated with a Refunded Bond (e.g., a redemption right).
“Prior Bonds” means the District’s outstanding issues being refunded by the
Bonds, as more particularly described in the preambles hereof.
“Prior Project” means the facilities financed, directly or indirectly with the
proceeds of the Prior Bonds.
“Private Business Use” means any use of the Prior Project by any Person other
than a state or local government unit, including as a result of (i) ownership, (ii) actual or
beneficial use pursuant to a lease or a management, service, incentive payment, research
or output contract or (iii) any other similar arrangement, agreement or understanding,
whether written or oral, except for use of the Prior Project on the same basis as the
general public. Private Business Use includes any formal or informal arrangement with
any person other than a state or local governmental unit that conveys special legal
entitlements to any portion of the Prior Project that is available for use by the general
public or that conveys to any person other than a state or local governmental unit any
special economic benefit with respect to any portion of the Prior Project that is not
available for use by the general public.
“Qualified Administrative Costs of Investments” means (a) reasonable, direct
administrative costs (other than carrying costs) such as separately stated brokerage or
selling commissions but not legal and accounting fees, recordkeeping, custody and
similar costs; or (b) all reasonable administrative costs, direct or indirect, incurred by a
publicly offered regulated investment company or an External Commingled Fund.
“Qualified Tax Exempt Obligations” means (a) any obligation described in
Section 103(a) of the Code, the interest on which is excludable from gross income of the
owner thereof for federal income tax purposes and is not an item of tax preference for
purposes of the alternative minimum tax imposed by Section 55 of the Code; (b) an
interest in a regulated investment company to the extent that at least ninety-five percent
of the income to the holder of the interest is interest which is excludable from gross
income under Section 103 of the Code of any owner thereof for federal income tax
purposes and is not an item of tax preference for purposes of the alternative minimum tax
imposed by Section 55 of the Code; and (c) certificates of indebtedness issued by the
United States Treasury pursuant to the Demand Deposit State and Local Government
Series program described in 31 C.F.R. pt. 344.
“Rebate Fund” means the fund, if any, identified and defined in paragraph 4.2
herein.
“Rebate Provisions” means the rebate requirements contained in Section 148(f)
of the Code and in the Regulations.
“Refunded Bonds” means those certain Prior Bonds being refunded by the Bonds.
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“Regulations” means United States Treasury Regulations dealing with the
tax-exempt bond provisions of the Code.
“Reimbursed Expenditures” means expenditures of the District paid prior to
Closing to which Sale Proceeds or investment earnings thereon are or will be allocated.
“Reserve Portion of the Bond Fund” means the portion of the Bond Fund funded
in excess of the amount of debt service payable each year.
“Sale Proceeds” means amounts actually or constructively received from the sale
of the Bonds, including (a) amounts used to pay underwriters’ discount or compensation
and accrued interest, other than accrued interest for a period not greater than one year
before Closing but only if it is to be paid within one year after Closing and (b) amounts
derived from the sale of any right that is part of the terms of a Bond or is otherwise
associated with a Bond (e.g., a redemption right).
“Transferred Proceeds” means amounts actually or constructively received from
the sale of the Prior Bonds, plus investment earnings thereon, which have not been spent
prior to the date principal on the Refunded Bonds is discharged by the Bonds.
“Verification Report” means the verification report and opinion of the Verifier
concerning the Yield on the Bonds and the Government Securities.
“Verifier” means __________________,
___________, _______________.
Certified
Public
Accountants,
“Yield” means that discount rate which when used in computing the present value
of all payments of principal and interest paid and to be paid on an obligation (using
semiannual compounding on the basis of a 360-day year) produces an amount equal to
the obligation’s purchase price (or in the case of the Bonds, the issue price as established
in paragraph 5.1 hereof), including accrued interest.
“Yield Reduction Payment” means a rebate payment or any other amount paid to
the United States in the same manner as rebate amounts are required to be paid or at such
other time or in such manner as the IRS may prescribe that will be treated as a reduction
in Yield of an investment under the Regulations.
2.1. Purpose of the Bonds. The Bonds are being issued solely and exclusively
to refund in advance of maturity the Refunded Bonds in a prudent manner consistent with
the revenue needs of the District. A breakdown of the sources and uses of funds is set
forth in the preceding Section of this Ordinance. Except to pay the Refunded Bonds and
except for any accrued interest on the Bonds used to pay first interest due on the Bonds,
no proceeds of the Bonds will be used more than 30 days after the date of issue of the
Bonds for the purpose of paying any principal or interest on any issue of bonds, notes,
certificates or warrants or on any installment contract or other obligation of the District or
for the purpose of replacing any funds of the District used for such purpose.
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2.2. Bond Fund Investment. The investment earnings on the Bond Fund will be
spent to pay interest on the Bonds, or to the extent permitted by law, investment earnings
on amounts in the Bond Fund will be commingled with substantial revenues from the
governmental operations of the District, and the earnings are reasonably expected to be
spent for governmental purposes within six months of the date earned. Interest earnings
on the Bond Fund have not been earmarked or restricted by the Board for a designated
purpose.
2.3. Reimbursement. None of the Sale Proceeds or investment earnings thereon
will be used for Reimbursed Expenditures.
2.4. Working Capital. All Sale Proceeds and investment earnings thereon will
be used, directly or indirectly, to pay principal of, interest on and redemption premium (if
any) on the Refunded Bonds, other than the following:
(a) payments of interest on the Bonds for the period commencing at
Closing and ending on the date one year after the date on which the Prior Project
is Placed-in-Service;
(b)
Costs of Issuance and Qualified Administrative Costs of Investments;
(c) payments of rebate or Yield Reduction Payments made to the United
States under the Regulations;
(d) principal of or interest on the Bonds paid from unexpected excess
Sale Proceeds and investment earnings thereon;
(e) investment earnings that are commingled with substantial other
revenues and are expected to be allocated to expenditures within six months[; and
(f)
fees for the Credit Facility].
2.5. Consequences of Contrary Expenditure. The District acknowledges that if
Sale Proceeds and investment earnings thereon are spent other than as permitted by
paragraph 2.4 hereof, a like amount of then available funds of the District will be treated
as unspent Sale Proceeds.
2.6. Investment of Bond Proceeds. No portion of the Bonds is being issued
solely for the purpose of investing a portion of Sale Proceeds or investment earnings
thereon at a Yield higher than the Yield on the Bonds.
2.7. No Grants. None of the Sale Proceeds or investment earnings thereon will
be used to make grants to any person.
2.8. Hedges. Neither the District nor any member of the same Controlled
Group as the District has entered into or expects to enter into any hedge (e.g., an interest
-26-
rate swap, interest rate cap, futures contract, forward contract or an option) with respect
to the Bonds or the Prior Bonds. The District acknowledges that any such hedge could
affect, among other things, the calculation of Bond Yield under the Regulations. The IRS
could recalculate Bond Yield if the failure to account for the hedge fails to clearly reflect
the economic substance of the transaction.
The District also acknowledges that if it acquires a hedging contract with an
investment element (including e.g., an off-market swap agreement, or any cap agreement
for which all or a portion of the premium is paid at, or before the effective date of the cap
agreement), then a portion of such hedging contract may be treated as an investment of
Gross Proceeds of the Bonds, and be subject to the fair market purchase price rules,
rebate and yield restriction. The District agrees not to use proceeds of the Bonds to pay
for any such hedging contract in whole or in part. The District also agrees that it will not
give any assurances to any Bond holder[, the Credit Facility Provider,] or any [other]
credit or liquidity enhancer with respect to the Bonds that any such hedging contract will
be entered into or maintained. The District recognizes that if a portion of a hedging
contract is determined to be an investment of gross proceeds, such portion may not be
fairly priced even if the hedging contract as a whole is fairly priced.
2.9. IRS Audits. The IRS has not contacted the District regarding the Prior
Bonds or any other obligations issued by or on behalf of the District. To the best of the
knowledge of the District, no such obligations of the District are currently under
examination by the IRS.
2.10. Abusive Transactions. Neither the District nor any member of the same
Controlled Group as the District will receive a rebate or credit resulting from any
payments having been made in connection with the issuance of the Bonds or the advance
refunding of the Refunded Bonds.
3.1. Use of Proceeds. (a) The use of the Sale Proceeds and investment
earnings thereon and the funds held under this Ordinance at the time of Closing are
described in the preceding Section of this Ordinance. No Sale Proceeds and no
investment earnings thereon will be used to pre-pay for goods or services to be received
over a period of years prior to the date such goods or services are to be received[, except
for any payment to the Credit Facility Provider]. No Sale Proceeds and no investment
earnings thereon will be used to pay for or otherwise acquire goods or services from the
District, any member of the same Controlled Group as the District, or an Affiliated
Person.
(b) Only the funds and accounts described in said Section will be funded at
Closing. There are no other funds or accounts created under this Ordinance, other than
the Rebate Fund if it is created as provided in paragraph 4.2 hereof.
(c)
Principal of and interest on the Bonds will be paid from the Bond Fund.
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(d) Any Costs of Issuance incurred in connection with the issuance of the Bonds
to be paid by the District will be paid at the time of Closing.
3.2. Purpose of Bond Fund. The Bond Fund (other than the Reserve Portion of
the Bond Fund) will be used primarily to achieve a proper matching of revenues and
earnings with principal and interest payments on the Bonds in each bond year. It is
expected that the Bond Fund (other than the Reserve Portion of the Bond Fund) will be
depleted at least once a year, except for a reasonable carry over amount not to exceed the
greater of (a) the earnings on the investment of moneys in the Bond Fund (other than the
Reserve Portion of the Bond Fund) for the immediately preceding bond year or (b) 1/12th
of the principal and interest payments on the Bonds for the immediately preceding bond
year.
The District will levy taxes to produce an amount sufficient to pay all principal of
and interest on the Bonds in each bond year. To minimize the likelihood of an
insufficiency, the amount extended to pay the Bonds may in most years be in excess of
the amount required to pay principal and interest within one year of collection. This
over-collection (if any) may cause the Bond Fund as a whole to fail to function as a bona
fide debt service fund. Nevertheless, except for the Reserve Portion of the Bond Fund,
the Bond Fund will be depleted each year as described above. The Reserve Portion of the
Bond Fund will constitute a separate account not treated as part of the bona fide debt
service fund. The Reserve Portion of the Bond Fund is subject to yield restriction
requirements except as it may otherwise be excepted as provided in 5.2 below. It is also
subject to rebate requirements.
3.3. The Prior Bonds. (a) As of the earlier of (i) the time of the Closing or
(ii) the date three years after the Prior Bonds were issued, all Prior Bond Proceeds,
including investment earnings thereon, were completely spent to pay the costs of Capital
Expenditures.
(b) As of the date hereof, no Prior Bond Proceeds or money or property of any
kind (including cash) is on deposit in any fund or account, regardless of where held or the
source thereof, with respect to the Prior Bonds or any credit enhancement or liquidity
device relating to the foregoing, or is otherwise restricted to pay the District’s obligations
other than amounts on deposit in the Escrow Account.
(c) The Prior Bond Fund was used primarily to achieve a proper matching of
revenues and earnings with principal and interest payments on the Prior Bonds in each
bond year. The Prior Bond Fund was depleted at least once a year, except for a
reasonable carry over amount not to exceed the greater of (i) the earnings on the
investment of moneys in such account for the immediately preceding bond year or
(ii) one-twelfth (1/12th) of the principal and interest payments on the Prior Bonds.
(d) At the time the Prior Bonds were issued, the District reasonably expected to
spend at least 85% of the proceeds (including investment earnings) of the Prior Bonds to
be used for non-refunding purposes for such purposes within three years of the date the
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Prior Bonds were issued and such proceeds were so spent. Not more than 50% of the
proceeds of the Prior Bonds to be used for non-refunding purposes was invested in
investments having a substantially guaranteed Yield for four years or more.
(e) The Refunded Bonds subject to redemption prior to maturity will be called
on the first optional redemption date of the Refunded Bonds.
(f) The Refunded Bonds do not include, directly or indirectly in a series, any
advance refunding obligations.
(g) The District has not been notified that the Prior Bonds are under
examination by the IRS, and to the best of the District’s knowledge the Prior Bonds are
not under examination by the IRS.
(h) The District acknowledges that (i) the final rebate payment with respect to
the Prior Bonds may be required to be made sooner than if the refunding had not occurred
and (ii) the final rebate is due 60 days after the Prior Bonds are paid in full.
3.4.
Closing.
The Escrow Account.
(a) The Escrow Account will be funded at the
(b) The uninvested cash and anticipated receipts from the Government
Securities on deposit in the Escrow Account, without regard to any reinvestment thereof,
will be sufficient to pay, when due, principal and interest on the Refunded Bonds as such
become due and payable and to redeem the outstanding principal amount of any callable
Refunded Bonds on the first optional redemption date of such callable Refunded Bonds,
at the applicable redemption price thereof based on the Verification Report.
(c) Any moneys remaining on deposit in the Escrow Account upon the final
disbursement of funds sufficient to pay principal and interest of the Refunded Bonds shall
be transferred by the Escrow Agent to the Bond Fund to be used to pay interest on the
Bonds.
3.5. No Other Gross Proceeds. (a) Except for the Bond Fund and except for
investment earnings that have been commingled as described in paragraph 2.2 and any
credit enhancement or liquidity device related to the Bonds, after the issuance of the
Bonds, neither the District nor any member of the same Controlled Group as the District
has or will have any property, including cash, securities or any other property held as a
passive vehicle for the production of income or for investment purposes, that constitutes:
(i)
Sale Proceeds;
(ii) amounts in any fund or account with respect to the Bonds (other than
the Rebate Fund);
(iii)
Transferred Proceeds;
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(iv) amounts that have a sufficiently direct nexus to the Bonds or to the
governmental purpose of the Bonds to conclude that the amounts would have
been used for that governmental purpose if the Bonds were not used or to be used
for that governmental purpose (the mere availability or preliminary earmarking of
such amounts for a governmental purpose, however, does not itself establish such
a sufficient nexus);
(v) amounts in a debt service fund, redemption fund, reserve fund,
replacement fund or any similar fund to the extent reasonably expected to be used
directly or indirectly to pay principal of or interest on the Bonds or any amounts
for which there is provided, directly or indirectly, a reasonable assurance that the
amount will be available to pay principal of or interest on the Bonds or any
obligations under any credit enhancement or liquidity device with respect to the
Bonds, even if the District encounters financial difficulties;
(vi) any amounts held pursuant to any agreement (such as an agreement to
maintain certain levels of types of assets) made for the benefit of the Bondholders
or any credit enhancement provider, including any liquidity device or negative
pledge (e.g., any amount pledged to pay principal of or interest on an issue held
under an agreement to maintain the amount at a particular level for the direct or
indirect benefit of holders of the Bonds or a guarantor of the Bonds); or
(vii) amounts actually or constructively received from the investment and
reinvestment of the amounts described in (i) or (ii) above.
(b) No compensating balance, liquidity account, negative pledge of property
held for investment purposes required to be maintained at least at a particular level or
similar arrangement exists with respect to, in any way, the Bonds or any credit
enhancement or liquidity device related to the Bonds.
(c) One hundred twenty percent of the average reasonably expected remaining
economic life of the Prior Project is at least 15 years. The weighted average maturity of
the Bonds does not exceed ____ years and does not exceed 120 percent of the average
reasonably expected economic life of the Prior Project. The maturity schedule of the
Bonds (the “Principal Payment Schedule”) is based on an analysis of revenues expected
to be available to pay debt service on the Bonds. The Principal Payment Schedule is not
more rapid (i.e., having a lower average maturity) because a more rapid schedule would
place an undue burden on tax rates and cause such rates to be increased beyond prudent
levels, and would be inconsistent with the governmental purpose of the Bonds as set forth
in paragraph 2.1 hereof.
4.1. Compliance with Rebate Provisions. The District covenants to take such
actions and make, or cause to be made, all calculations, transfers and payments that may
be necessary to comply with the Rebate Provisions applicable to the Bonds. The District
will make, or cause to be made, rebate payments with respect to the Bonds in accordance
with law.
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4.2. Rebate Fund. The District is hereby authorized to create and establish a
special fund to be known as the Rebate Fund (the “Rebate Fund”), which, if created,
shall be continuously held, invested, expended and accounted for in accordance with this
Ordinance. Moneys in the Rebate Fund shall not be considered moneys held for the
benefit of the owners of the Bonds. Except as provided in the Regulations, moneys in the
Rebate Fund (including earnings and deposits therein) shall be held in trust for payment
to the United States as required by the Rebate Provisions and by the Regulations and as
contemplated under the provisions of this Ordinance.
4.3. Records. The District agrees to keep and retain or cause to be kept and
retained for the period described in paragraph 7.9 adequate records with respect to the
investment of all Gross Proceeds and amounts in the Rebate Fund. Such records shall
include: (a) purchase price; (b) purchase date; (c) type of investment; (d) accrued interest
paid; (e) interest rate; (f) principal amount; (g) maturity date; (h) interest payment date;
(i) date of liquidation; and (j) receipt upon liquidation.
If any investment becomes Gross Proceeds on a date other than the date such
investment is purchased, the records required to be kept shall include the fair market
value of such investment on the date it becomes Gross Proceeds. If any investment is
retained after the date the last Bond is retired, the records required to be kept shall
include the fair market value of such investment on the date the last Bond is retired.
Amounts or investments will be segregated whenever necessary to maintain these
records.
4.4. Fair Market Value; Certificates of Deposit and Investment Agreements.
The District will continuously invest all amounts on deposit in the Rebate Fund, together
with the amounts, if any, to be transferred to the Rebate Fund, in any investment
permitted under this Ordinance. In making investments of Gross Proceeds or of amounts
in the Rebate Fund the District shall take into account prudent investment standards and
the date on which such moneys may be needed. Except as provided in the next sentence,
all amounts that constitute Gross Proceeds and all amounts in the Rebate Fund shall be
invested at all times to the greatest extent practicable, and no amounts may be held as
cash or be invested in zero yield investments other than obligations of the United States
purchased directly from the United States. In the event moneys cannot be invested, other
than as provided in this sentence due to the denomination, price or availability of
investments, the amounts shall be invested in an interest bearing deposit of a bank with a
yield not less than that paid to the general public or held uninvested to the minimum
extent necessary.
Gross Proceeds and any amounts in the Rebate Fund that are invested in
certificates of deposit or in GICs shall be invested only in accordance with the following
provisions:
(a) Investments in certificates of deposit of banks or savings and loan
associations that have a fixed interest rate, fixed payment schedules and
substantial penalties for early withdrawal shall be made only if either (i) the Yield
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on the certificate of deposit (A) is not less than the Yield on reasonably
comparable direct obligations of the United States and (B) is not less than the
highest Yield that is published or posted by the provider to be currently available
from the provider on reasonably comparable certificates of deposit offered to the
public or (ii) the investment is an investment in a GIC and qualifies under
paragraph (b) below.
(b)
Investments in GICs shall be made only if
(i) the bid specifications are in writing, include all material terms
of the bid and are timely forwarded to potential providers (a term is
material if it may directly or indirectly affect the yield on the GIC);
(ii) the terms of the bid specifications are commercially reasonable
(a term is commercially reasonable if there is a legitimate business
purpose for the term other than to reduce the yield on the GIC);
(iii) all bidders for the GIC have equal opportunity to bid so that,
for example, no bidder is given the opportunity to review other bids (a last
look) before bidding;
(iv) any agent used to conduct the bidding for the GIC does not bid
to provide the GIC;
(v)
at least three of the providers solicited for bids for the GIC are
reasonably competitive providers of investments of the type purchased
(i.e., providers that have established industry reputations as competitive
providers of the type of investments being purchased);
(vi) at least three of the entities that submit a bid do not have a
financial interest in the Bonds;
(vii) at least one of the entities that provided a bid is a reasonably
competitive provider that does not have a financial interest in the Bonds;
(viii) the bid specifications include a statement notifying potential
providers that submission of a bid is a representation that the potential
provider did not consult with any other provider about its bid, that the bid
was determined without regard to any other formal or informal agreement
that the potential provider has with the District or any other person
(whether or not in connection with the Bonds) and that the bid is not being
submitted solely as a courtesy to the District or any other person for
purposes of satisfying the federal income tax requirements relating to the
bidding for the GIC;
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(ix) the determination of the terms of the GIC takes into account
the reasonably expected deposit and drawdown schedule for the amounts
to be invested;
(x) the highest-yielding GIC for which a qualifying bid is made
(determined net of broker’s fees) is in fact purchased; and
(xi) the obligor on the GIC certifies the administrative costs that it
is paying or expects to pay to third parties in connection with the GIC.
(c) If a GIC is purchased, the District will retain the following records
with its bond documents until three years after the Bonds are redeemed in their
entirety:
(i)
a copy of the GIC;
(ii) the receipt or other record of the amount actually paid for the
GIC, including a record of any administrative costs paid, and the
certification under subparagraph (b)(xi) of this paragraph;
(iii) for each bid that is submitted, the name of the person and entity
submitting the bid, the time and date of the bid, and the bid results; and
(iv) the bid solicitation form and, if the terms of the GIC deviated
from the bid solicitation form or a submitted bid is modified, a brief
statement explaining the deviation and stating the purpose for the
deviation.
Moneys to be rebated to the United States shall be invested to mature on or prior
to the anticipated rebate payment date. All investments made with Gross Proceeds or
amounts in the Rebate Fund shall be bought and sold at fair market value. The fair
market value of an investment is the price at which a willing buyer would purchase the
investment from a willing seller in a bona fide, arm’s length transaction. Except for
investments specifically described in this Section and United States Treasury obligations
that are purchased directly from the United States Treasury, only investments that are
traded on an established securities market, within the meaning of regulations promulgated
under Section 1273 of the Code, will be purchased with Gross Proceeds. In general, an
“established securities market” includes: (i) property that is listed on a national securities
exchange, an interdealer quotation system or certain foreign exchanges; (ii) property that
is traded on a Commodities Futures Trading Commission designated board of trade or an
interbank market; (iii) property that appears on a quotation medium; and (iv) property for
which price quotations are readily available from dealers and brokers. A debt instrument
is not treated as traded on an established market solely because it is convertible into
property which is so traded.
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An investment of Gross Proceeds in an External Commingled Fund shall be made
only to the extent that such investment is made without an intent to reduce the amount to
be rebated to the United States Government or to create a smaller profit or a larger loss
than would have resulted if the transaction had been at arm’s length and had the rebate or
Yield restriction requirements not been relevant to the District. An investment of Gross
Proceeds shall be made in a Commingled Fund other than an External Commingled Fund
only if the investments made by such Commingled Fund satisfy the provisions of this
paragraph.
A single investment, or multiple investments awarded to a provider based on a
single bid may not be used for funds subject to different rules relating to rebate or yield
restriction.
The foregoing provisions of this paragraph satisfy various safe harbors set forth in
the Regulations relating to the valuation of certain types of investments. The safe harbor
provisions of this paragraph are contained herein for the protection of the District, who
has covenanted not to take any action to adversely affect the tax-exempt status of the
interest on the Bonds. The District will contact Bond Counsel if it does not wish to
comply with the provisions of this paragraph and forego the protection provided by the
safe harbors provided herein.
4.5. Arbitrage Elections. The District hereby waives its right to invest Sale
Proceeds of the Bonds and investment earnings thereon in the Escrow Account in
investments with Yields higher than Bond Yield. The President, Secretary and Treasurer
of the Board are each hereby authorized to execute one or more elections regarding
certain matters with respect to arbitrage.
5.1. Issue Price. For purposes of determining the Yield on the Bonds, the
purchase price of the Bonds is equal to the first offering price (including accrued interest)
at which the Purchaser reasonably expected to sell at least ten percent of the principal
amount of each maturity of the Bonds to the public (excluding bond houses, brokers or
similar persons or organizations acting in the capacity of underwriters, placement agents
or wholesalers). All of the Bonds have been the subject of a bona fide initial offering to
the public (excluding bond houses, brokers, or similar persons or organizations acting in
the capacity of underwriters, placement agents or wholesalers) at prices equal to those set
forth in the Official Statement. Based upon prevailing market conditions, such prices are
not less than the fair market value of each Bond as of the sale date for the Bonds.
5.2. Yield Limits. Except as provided in paragraph (a) or (b), all Gross Proceeds
shall be invested at market prices and at a Yield (after taking into account any Yield
Reduction Payments) not in excess of the Yield on the Bonds.
The following may be invested without Yield restriction:
(a) amounts on deposit in the Bond Fund (except for capitalized interest and
any Reserve Portion of the Bond Fund) that have not been on deposit under the
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Ordinance for more than 13 months, so long as the Bond Fund (other than the Reserve
Portion of the Bond Fund) continues to qualify as a bona fide debt service fund as
described in paragraph 3.2 hereof;
(b) (i) An amount not to exceed the lesser of $100,000 or five percent of the
Sale Proceeds;
(ii) amounts invested in Qualified Tax Exempt Obligations (to the extent
permitted by law and this Ordinance);
(iii)
amounts in the Rebate Fund;
(iv) all amounts other than Sale Proceeds for the first 30 days after they
become Gross Proceeds; and
(v) all amounts derived from the investment of Sale Proceeds or
investment earnings thereon other than those on deposit in the Escrow Account
for a period of one year from the date received.
5.3. Yield Limits on Prior Bond Proceeds. Except for an amount not to exceed
the lesser of $100,000 or five percent of Prior Bond Proceeds, the District acknowledges
that all Prior Bond Proceeds must be invested at market prices and at a Yield not in
excess of the Yield on the Prior Bonds.
5.4. Continuing Nature of Yield Limits. Except as provided in paragraph 7.10
hereof, once moneys are subject to the Yield limits of paragraph 5.2 hereof, such moneys
remain Yield restricted until they cease to be Gross Proceeds.
5.5. Federal Guarantees. Except for investments meeting the requirements of
paragraph 5.2(a) hereof and except for investments in the Escrow Account, investments
of Gross Proceeds shall not be made in (a) investments constituting obligations of or
guaranteed, directly or indirectly, by the United States (except obligations of the United
States Treasury or investments in obligations issued pursuant to Section 21B(d)(3) of the
Federal Home Loan Bank, as amended (e.g., Refcorp Strips)); or (b) federally insured
deposits or accounts (as defined in Section 149(b)(4)(B) of the Code). Except as
otherwise permitted in the immediately prior sentence and in the Regulations, no portion
of the payment of principal or interest on the Bonds or any credit enhancement or
liquidity device relating to the foregoing is or will be guaranteed, directly or indirectly (in
whole or in part), by the United States (or any agency or instrumentality thereof),
including a lease, incentive payment, research or output contract or any similar
arrangement, agreement or understanding with the United States or any agency or
instrumentality thereof. No portion of the Gross Proceeds has been or will be used to
make loans the payment of principal or interest with respect to which is or will be
guaranteed (in whole or in part) by the United States (or any agency or instrumentality
thereof). Neither this paragraph nor paragraph 5.6 hereof applies to any guarantee by the
Federal Housing Administration, the Federal National Mortgage Association, the Federal
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Home Loan Mortgage Corporation, the Government National Mortgage Association, the
Student Loan Marketing Association or the Bonneville Power Administration pursuant to
the Northwest Power Act (16 U.S.C. 839d) as in effect on the date of enactment of the
Tax Reform Act of 1984.
5.6. Investments After the Expiration of Temporary Periods, Etc. Any amounts,
other than amounts in the Escrow Account, that are subject to the yield limitation in
Section 5.2 because Section 5.2(a) is not applicable and amounts not subject to yield
restriction only because they are described in Section 5.2(b) cannot be invested in
(i) federally insured deposits or accounts (as defined in Section 149(b)(4)(B) of the Code)
or (ii) investments constituting obligations of or guaranteed, directly or indirectly, by the
United States (except obligations of the United States Treasury or investments in
obligations issued pursuant to Section 21B(d)(3) of the Federal Home Loan Bank Act, as
amended (e.g., Refcorp Strips)).
5.7. Escrow Yield. The Yield on the Government Securities purchased with
Sale Proceeds of the Bonds, taking into account any Transferred Proceeds, has been
computed by Speer Financial, Inc., Chicago, Illinois (the “Municipal Advisor”), and
verified by the Verifier to be not greater than the Yield on the Bonds computed by the
Municipal Advisor and verified by the Verifier.
[5.8. Treatment of Certain Credit Facility Fees. The fee paid to the Credit
Facility Provider with respect to the Credit Facility may be treated as interest in
computing Bond Yield.
Neither the District nor any member of the same Controlled Group as the District
is a Related Person as defined in Section 144(a)(3) of the Code to the Credit Facility
Provider. The fee paid to the Credit Facility Provider does not exceed ten percent of the
Sale Proceeds. Other than the fee paid to the Credit Facility Provider, neither the Credit
Facility Provider nor any person who is a Related Person to the Credit Facility Provider
within the meaning of Section 144(a)(3) of the Code will use any Sale Proceeds or
investment earnings thereon. The fee paid for the Credit Facility does not exceed a
reasonable, arm’s length charge for the transfer of credit risk. The fee does not include
any payment for any direct or indirect services other than the transfer of credit risk.]
6.1. Payment and Use Tests. (a) No more than five percent of the proceeds of
the Prior Bonds and investment earnings thereon were used, directly or indirectly, in
whole or in part, in any Private Business Use. The District acknowledges that, for
purposes of the preceding sentence, Gross Proceeds used to pay costs of issuance and
other common costs (such as capitalized interest and fees paid for a qualified guarantee or
qualified hedge) or invested in a reserve or replacement fund must be ratably allocated
among all the purposes for which Gross Proceeds are being used.
(b) The payment of more than five percent of the principal of or the interest on
the Bonds or on the Prior Bonds considered separately will not be, directly or indirectly
(i) secured by any interest in (A) property used or to be used in any Private Business Use
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or (B) payments in respect of such property or (ii) on a present value basis, derived from
payments (whether or not to the District or a member of the same Controlled Group as
the District) in respect of property, or borrowed money, used or to be used in any Private
Business Use.
(c) No more than the lesser of $5,000,000 or five percent of the sum of the
proceeds of the Prior Bonds and investment earnings thereon were used, and no more
than the lesser of $5,000,000 or five percent of the sum of the Sale Proceeds and
investment earnings thereon will be used, directly or indirectly, to make or finance loans
to any persons. The District acknowledges that, for purposes of the preceding sentence,
Gross Proceeds used to pay costs of issuance and other common costs (such as
capitalized interest and fees paid for a qualified guarantee or qualified hedge) or invested
in a reserve or replacement fund must be ratably allocated among all the purposes for
which Gross Proceeds are being used.
(d) No user of the Prior Project other than a state or local governmental unit will
use more than five percent of such facilities, considered separately, on any basis other
than the same basis as the general public.
6.2.
I.R.S. Form 8038-G. The information contained in the Information Return
for Tax-Exempt Governmental Obligations, Form 8038-G, is true and complete. The
District will file Form 8038-G (and all other required information reporting forms) in a
timely manner.
6.3. Bank Qualification. Prior to the date hereof in the current calendar year, no
obligations that constitute “qualified tax-exempt obligations” for the purposes and within
the meaning of Section 265(b)(3) of the Code have been issued by any of the following:
(i) the District; (ii) an entity issuing obligations on behalf of the District; and (iii) any
member of the same Controlled Group as the District or the same Controlled Group as an
entity issuing obligations on behalf of the District.
7.1. Termination; Interest of District in Rebate Fund. The terms and provisions
set forth in this Section shall terminate at the later of (a) 75 days after the Bonds have
been fully paid and retired or (b) the date on which all amounts remaining on deposit in
the Rebate Fund, if any, shall have been paid to or upon the order of the United States
and any other payments required to satisfy the Rebate Provisions of the Code have been
made to the United States.
Notwithstanding the foregoing, the provisions of
paragraphs 4.3, 4.4(c) and 7.9 hereof shall not terminate until the third anniversary of the
date the Bonds are fully paid and retired.
7.2. Separate Issue. Since a date that is 15 days prior to the date of sale of the
Bonds by the District to the Purchaser, neither the District nor any member of the same
Controlled Group as the District has sold or delivered any tax-exempt obligations other
than the Bonds and the General Obligation Limited Tax Park Bonds, Series 2015A (the
“2015A Bonds”), that are reasonably expected to be paid out of substantially the same
source of funds as the Bonds. Neither the District nor any member of the same
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Controlled Group as the District will sell or deliver within 15 days after the date of sale
of the Bonds any tax-exempt obligations other than the Bonds and the 2015A Bonds that
are reasonably expected to be paid out of substantially the same source of funds as the
Bonds.
7.3. No Sale of the Prior Project. (a) Other than as provided in the next
sentence, neither the Prior Project nor any portion thereof has been, is expected to be, or
will be sold or otherwise disposed of, in whole or in part, prior to the earlier of (i) the last
date of the reasonably expected economic life to the District of the property (determined
on the date of issuance of the Bonds) or (ii) the last maturity date of the Bonds. The
District may dispose of personal property in the ordinary course of an established
government program prior to the earlier of (i) the last date of the reasonably expected
economic life to the District of the property (determined on the date of issuance of the
Bonds) or (ii) the last maturity of the Bonds, provided: (A) the weighted average
maturity of the Bonds financing the personal property is not greater than 120 percent of
the reasonably expected actual use of that property for governmental purposes; (B) the
District reasonably expects on the issue date that the fair market value of that property on
the date of disposition will be not greater than 25 percent of its cost; (C) the property is
no longer suitable for its governmental purposes on the date of disposition; and (D) the
District deposits amounts received from the disposition in a commingled fund with
substantial tax or other governmental revenues and the District reasonably expects to
spend the amounts on governmental programs within six months from the date of the
commingling.
(b) The District acknowledges that if property financed with the Prior Bonds is
sold or otherwise disposed of in a manner contrary to (a) above, such sale or disposition
may constitute a “deliberate action” within the meaning of the Regulations that may
require remedial actions to prevent the Bonds from becoming private activity bonds. The
District shall promptly contact Bond Counsel if a sale or other disposition of Bondfinanced property is considered by the District.
7.4. Purchase of Bonds by District. The District will not purchase any of the
Bonds except to cancel such Bonds.
7.5. First Call Date Limitation. The period between the date of Closing and the
first call date of the Bonds is not more than 10-1/2 years.
7.6. Registered Form. The District recognizes that Section 149(a) of the Code
requires the Bonds to be issued and to remain in fully registered form in order that
interest thereon be exempt from federal income taxation under laws in force at the time
the Bonds are delivered. In this connection, the District agrees that it will not take any
action to permit the Bonds to be issued in, or converted into, bearer or coupon form.
7.7. First Amendment. The District acknowledges and agrees that it will not
use, or allow the Prior Project to be used, in a manner which is prohibited by the
Establishment of Religion Clause of the First Amendment to the Constitution of the
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United States of America or by any comparable provisions of the Constitution of the
State of Illinois.
7.8. Future Events. The District acknowledges that any changes in facts or
expectations from those set forth herein may result in different Yield restrictions or rebate
requirements from those set forth herein. The District shall promptly contact Bond
Counsel if such changes do occur.
7.9. Records Retention. The District agrees to keep and retain or cause to be
kept and retained sufficient records to support the continued exclusion of the interest paid
on the Bonds from federal income taxation, to demonstrate compliance with the
covenants in this Ordinance and to show that all tax returns related to the Bonds
submitted or required to be submitted to the IRS are correct and timely filed. Such
records shall include, but are not limited to, basic records relating to the Bond transaction
(including this Ordinance and the Bond Counsel opinion); documentation evidencing the
expenditure of Bond proceeds; documentation evidencing the use of Bond-financed
property by public and private entities (i.e., copies of leases, management contracts and
research agreements); documentation evidencing all sources of payment or security for
the Bonds; and documentation pertaining to any investment of Bond proceeds (including
the information required under paragraphs 4.3 and 4.4 hereof and in particular
information related to the purchase and sale of securities, SLGs subscriptions, yield
calculations for each class of investments, actual investment income received from the
investment of proceeds, guaranteed investment contracts and documentation of any
bidding procedure related thereto and any fees paid for the acquisition or management of
investments and any rebate calculations). Such records shall be kept for as long as the
Bonds are outstanding, plus three (3) years after the later of the final payment date of the
Bonds or the final payment date of any obligations or series of obligations issued to
refund directly or indirectly all or any portion of the Bonds.
7.10. Post-Issuance Compliance Policy. The District acknowledges that the IRS
encourages issuers of tax-exempt bonds to adopt written post-issuance compliance
policies in addition to its bond documents, and provides certain potential benefits to
issuers that do so. For example, issuers may receive more favorable terms on any
voluntary settlement pursuant to the IRS’ voluntary closing agreement program if an
issuer has adopted written procedures that, at a minimum, specify the official(s) with
responsibility for monitoring compliance, a description of the training provided to such
responsible official(s) with regard to monitoring compliance, the frequency of
compliance checks (must be at least annual), the nature of the compliance activities
required to be undertaken, the procedures used to timely identify and elevate the
resolution of a violation when it occurs or is expected to occur, procedures for the
retention of all records material to substantiate compliance with the applicable federal tax
requirements, and an awareness of the availability of the IRS’ voluntary closing
agreement program and other remedial actions to resolve violations. Generally, a
reference to reliance on the bond documents, without more, will not qualify as sufficient
written procedures for these purposes.
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The District has adopted written post-issuance compliance policies that meet the
foregoing, which are maintained by the District separately. The post-issuance
compliance policies do not constitute part of this Section, and the District may modify or
eliminate any post-issuance compliance policies without the consent of the holders of the
Bonds and without regard to paragraph 7.11.
7.11. Permitted Changes; Opinion of Bond Counsel. The Yield restrictions
contained in paragraph 5.2 hereof or any other restriction or covenant contained herein
need not be observed or may be changed if such nonobservance or change will not result
in the loss of any exemption for the purpose of federal income taxation to which interest
on the Bonds is otherwise entitled and the District receives an opinion of Bond Counsel
to such effect.
7.12. Excess Proceeds. Gross Proceeds of the Bonds and investment earnings
thereon and all unspent Prior Bond Proceeds as of the date of Closing and investment
earnings thereon do not exceed by more than one percent of the Sale Proceeds of the
Bonds the amount that will be used for:
(i)
Bonds;
payment of principal of or interest or call premium on the Refunded
(ii) payment of pre-issuance accrued interest on the Bonds and interest on
the Bonds that accrues for a period up to the completion date of any capital
project for which the prior issue was issued, plus one year;
(iii)
payment of cost of issuance of the Bonds;
(iv) payment of administrative costs allocable to repaying the Refunded
Bonds, carrying and repaying the Bonds or investments of the Bonds;
(v) Prior Bond Proceeds that will be used or maintained for the
governmental purpose of the Refunded Bonds;
(vi)
interest on purpose investments[; and
(vii)
costs of the Credit Facility allocable to the Bonds].
7.13. Successors and Assigns. The terms, provisions, covenants and conditions
of this Section shall bind and inure to the benefit of the respective successors and assigns
of the Board and the District.
7.14. Expectations.
The Board has reviewed the facts, estimates and
circumstances in existence on the date of issuance of the Bonds. Such facts, estimates
and circumstances, together with the expectations of the District as to future events, are
set forth in summary form in this Section. Such facts and estimates are true and are not
incomplete in any material respect. On the basis of the facts and estimates contained
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herein, the District has adopted the expectations contained herein. On the basis of such
facts, estimates, circumstances and expectations, it is not expected that Sale Proceeds,
investment earnings thereon or any other moneys or property will be used in a manner
that will cause the Bonds to be arbitrage bonds within the meaning of the Rebate
Provisions and the Regulations. Such expectations are reasonable and there are no other
facts, estimates and circumstances that would materially change such expectations.
The District also agrees and covenants with the purchasers and holders of the Bonds from
time to time outstanding that, to the extent possible under Illinois law, it will comply with
whatever federal tax law is adopted in the future which applies to the Bonds and affects the
tax-exempt status of the Bonds.
The Board hereby authorizes the officials of the District responsible for issuing the
Bonds, the same being the President, Secretary and Treasurer of the Board, to make such further
covenants and certifications as may be necessary to assure that the use thereof will not cause the
Bonds to be arbitrage bonds and to assure that the interest in the Bonds will be exempt from
federal income taxation. In connection therewith, the District and the Board further agree:
(a) through their officers, to make such further specific covenants, representations as shall be
truthful, and assurances as may be necessary or advisable; (b) to consult with counsel approving
the Bonds and to comply with such advice as may be given; (c) to pay to the United States, as
necessary, such sums of money representing required rebates of excess arbitrage profits relating
to the Bonds; (d) to file such forms, statements, and supporting documents as may be required
and in a timely manner; and (e) if deemed necessary or advisable by their officers, to employ and
pay fiscal agents, financial advisors, attorneys, and other persons to assist the District in such
compliance.
Section 14.
List of Bondholders. The Bond Registrar shall maintain a list of the names
and addresses of the holders of all Bonds and upon any transfer shall add the name and address
of the new Bondholder and eliminate the name and address of the transferor Bondholder.
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Section 15.
Duties of Bond Registrar. If requested by the Bond Registrar, the President
and Secretary of the Board are authorized to execute the Bond Registrar’s standard form of
agreement between the District and the Bond Registrar with respect to the obligations and duties
of the Bond Registrar hereunder which may include the following:
(a) to act as bond registrar, authenticating agent, paying agent and transfer agent
as provided herein;
(b) to maintain a list of Bondholders as set forth herein and to furnish such list
to the District upon request, but otherwise to keep such list confidential;
(c)
to give notice of redemption of Bonds as provided herein;
(d) to cancel and/or destroy Bonds which have been paid at maturity or upon
earlier redemption or submitted for exchange or transfer;
(e) to furnish the District at least annually a certificate with respect to Bonds
cancelled and/or destroyed; and
(f) to furnish the District at least annually an audit confirmation of Bonds paid,
Bonds outstanding and payments made with respect to interest on the Bonds.
Section 16.
Continuing Disclosure Undertaking. The President of the Board is hereby
authorized, empowered and directed to execute and deliver a Continuing Disclosure Undertaking
under Section (b)(5) of Rule 15c2-12 adopted by the Securities and Exchange Commission
pursuant to the Securities Exchange Act of 1934, as amended (the “Continuing Disclosure
Undertaking”). When the Continuing Disclosure Undertaking is executed and delivered on
behalf of the District as herein provided, the Continuing Disclosure Undertaking will be binding
on the District and the officers, employees and agents of the District, and the officers, employees
and agents of the District are hereby authorized, empowered and directed to do all such acts and
things and to execute all such documents as may be necessary to carry out and comply with the
provisions of the Continuing Disclosure Undertaking as executed. Notwithstanding any other
provision of this Ordinance, the sole remedy for failure to comply with the Continuing
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Disclosure Undertaking shall be the ability of the beneficial owner of any Bond to seek
mandamus or specific performance by court order to cause the District to comply with its
obligations under the Continuing Disclosure Undertaking.
[Section 17.
Municipal Bond Insurance.
In the event the payment of principal and
interest on the Bonds is insured pursuant to a municipal bond insurance policy (the “Municipal
Bond Insurance Policy”) issued by a bond insurer (the “Bond Insurer”), and as long as such
Municipal Bond Insurance Policy shall be in full force and effect, the District and the Bond
Registrar agree to comply with such usual and reasonable provisions regarding presentment and
payment of the Bonds, subrogation of the rights of the Bondholders to the Bond Insurer upon
payment of the Bonds by the Bond Insurer, amendment hereof, or other terms, as approved by
the President of the Board on advice of counsel, his or her approval to constitute full and
complete acceptance by the District of such terms and provisions under authority of this
Section.]
Section 18.
Record-Keeping Policy and Post-Issuance Compliance Matters.
On
November 9, 2015, in connection with authorizing the issuance of the 2015A Bonds, the Board
adopted a record-keeping policy (the “Policy”) in order to maintain sufficient records to
demonstrate compliance with its covenants and expectations to ensure the appropriate federal tax
status for the debt obligations of the District, the interest on which is excludable from “gross
income” for federal income tax purposes or which enable the District or the holder to receive
federal tax benefits, including, but not limited to, qualified tax credit bonds and other specified
tax credit bonds. The Board and the District hereby reaffirm the Policy.
-43-
Section 19.
Severability.
Section 20.
Repeal.
All ordinances, resolutions, orders or parts thereof in conflict
herewith be and the same are hereby repealed, and this Ordinance shall be in full force and effect
forthwith upon its adoption.
_______________________________________
Attest:
__________________________________
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ORDINANCE NO. 465
AN ORDINANCE authorizing and directing the execution of an
Escrow Agreement in connection with the issue of $___________
General Obligation Refunding Park Bonds, Series 2015B, of the
Fox Valley Park District, Kane, DuPage, Kendall and Will
Counties, Illinois.
*
*
*
Illinois (the “District”), has provided by Ordinance No. ____ adopted by the Board of Trustees
of the District (the “Board”) on the 9th day of November, 2015, for the issuance of
$____________ General Obligation Refunding Park Bonds, Series 2015B (the “Bonds”); and
WHEREAS, proceeds of the Bonds will be used to refund in advance of maturity certain
bonds of the District described more particularly in the form of escrow agreement set forth
herein (the “Refunded Bonds”); and
WHEREAS, in order to properly provide for the refunding of the Refunded Bonds, it will
be necessary to place proceeds of the Bonds, together with certain funds of the District on hand
and legally available for such purpose, in trust with an escrow agent to be invested by such
escrow agent, on behalf of the District, in direct obligations of or obligations guaranteed by the
full faith and credit of the United States of America, the principal of and interest on which will
be sufficient, when added to such beginning demand deposit with the escrow agent as may be
necessary, to pay the principal of and interest on the Refunded Bonds when due and upon
redemption prior to maturity; and
WHEREAS, in accordance with the terms of the Refunded Bonds, the Refunded Bonds
may be called for redemption in advance of their maturity, and it is necessary and desirable to
make such call for the redemption of the Refunded Bonds on their earliest possible call date, and
provide for the giving of proper notice to the registered owners of such Refunded Bonds; and
WHEREAS, it is necessary that the Board authorize the form of escrow agreement with an
escrow agent and direct the execution of such escrow agreement by officers of the District:
NOW, THEREFORE, Be It and It Is Hereby Resolved by the Board of Trustees of the Fox
Valley Park District, Kane, DuPage, Kendall and Will Counties, Illinois, as follows:
Section 1.
Section 2.
Definitions. The words and terms used in this Ordinance shall have the
definitions set forth for them in the form of escrow agreement provided herein (the
“Agreement”), unless the context or use of same shall clearly indicate that another meaning is
intended.
Section 3.
The Funding of the Escrow. As provided in the Bond Ordinance, so much
of the proceeds of the Bonds as therein appropriated, together with such further amounts as may
be necessary from the general funds of the District, shall be used to acquire the Government
Securities and to provide a beginning cash deposit and so provide for the payment of all interest
on and principal of the Refunded Bonds when due and upon redemption prior to maturity. Such
proceeds and general funds of the District will be deposited in trust in the Escrow Account with
the Escrow Agent, as provided in this Ordinance. The amount of the proceeds of the Bonds
(within the amount appropriated in the Bond Ordinance) and the amount of funds of the District
on hand and legally available which are necessary to be deposited in the Escrow Account shall
be conclusively established under the terms of the Agreement, which will be executed by
designated officers of the District, and such officers are hereby authorized to make such
determination.
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Section 4.
Call of the Refunded Bonds. In accordance with the redemption provisions
of the ordinance authorizing the issuance of the Refunded Bonds, the District by the Board does
hereby make provision for the payment of and does hereby call (subject only to the delivery of
the Bonds) the Refunded Bonds for redemption prior to maturity on December 15, 2016, as
provided by the terms of the Agreement.
Section 5.
Form and Authorization of Agreement. The Agreement and all the terms
thereof, in the form provided hereby, are hereby approved, and the President and Secretary of the
Board are hereby authorized and directed to execute the Agreement in the name of the District.
The Agreement shall be in substantially the following form:
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ESCROW AGREEMENT
This Escrow Agreement, dated as of December 1, 2015, but actually executed on the date
witnessed hereinbelow, by and between the Fox Valley Park District, Kane, DuPage, Kendall
and Will Counties, Illinois (the “District”), and Amalgamated Bank of Chicago, a banking
corporation having trust powers, organized and operating under the laws of the State of Illinois,
located in Chicago, Illinois (the “Escrow Agent”), in consideration of the mutual promises and
agreements herein set forth:
W I T N E S S E T H:
ARTICLE I
DEFINITIONS
The following words and terms used in this Agreement shall have the following
meanings unless the context or use clearly indicates another or different meaning:
Section 1.01.
“Agreement” means this Agreement between the District and the Escrow
Agent.
Section 1.02.
“Board” means the Board of Trustees of the District.
Section 1.03.
“Bonds” means the $__________ General Obligation Refunding Park
Bonds, Series 2015B, authorized to be issued by the Bond Ordinance.
Section 1.04.
“Bond Ordinance” means Ordinance No. ____ adopted on the 9th day of
November, 2015, by the Board entitled:
AN ORDINANCE providing for the issue of $___________ General
Obligation Refunding Park Bonds, Series 2015B, of the Fox
Illinois, for the purpose of refunding certain outstanding bonds of
said Park District, providing for the levy of a direct annual tax
sufficient to pay the principal and interest on said bonds, and
authorizing the sale of said bonds to the purchaser thereof.
authorizing the issuance of the Bonds.
-A-
Section 1.05.
“Code” means Section 148 of the Internal Revenue Code of 1986, and all
lawful regulations promulgated thereunder.
Section 1.06.
“District” means the Fox Valley Park District, Kane, DuPage, Kendall and
Will Counties, Illinois.
Section 1.07.
“Escrow Account” means the trust account established under this
Agreement by the deposit of the Government Securities and the beginning cash.
Section 1.08.
“Escrow Agent” means Amalgamated Bank of Chicago, a banking
corporation having trust powers, organized and operating under the laws of the State of Illinois,
located in Chicago, Illinois, not individually but in the capacity for the uses and purposes
hereinafter mentioned, or any successor thereto.
Section 1.09.
“Government Securities” means the non-callable direct obligations of or
non-callable obligations guaranteed by the full faith and credit of the United States of America as
to principal and interest deposited hereunder as more particularly described in Exhibit A to this
Agreement and also including any direct obligations purchased pursuant to Section 3.02.
Section 1.10.
“Intended Government Securities” means the Government Securities
labeled as such on Exhibit A.
Section 1.11.
“Paying Agent” means Amalgamated Bank of Chicago, Chicago, Illinois,
as bond registrar and paying agent for the Refunded Bonds.
Section 1.12.
“Refunded Bonds” means the outstanding bonds of the District as follows:
$24,815,000 General Obligation Bonds, Series 2009, dated
February 1, 2009, being all of the bonds outstanding from an issue
in the original principal amount of $27,850,000, fully registered
and without coupons, due serially on December 15 of the years, in
the amounts and bearing interest at the rates per annum as follows:
-B-
YEAR OF
MATURITY
PRINCIPAL
AMOUNT
RATE OF
INTEREST
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
$ 650,000
2,265,000
2,535,000
2,835,000
3,085,000
1,825,000
2,000,000
2,225,000
2,450,000
2,700,000
2,245,000
3.250%
4.000%
4.000%
4.000%
4.000%
4.125%
4.250%
4.500%
4.500%
4.500%
4.625%
Section 1.13.
“Substitute Securities” means the Government Securities identified as such
in Exhibit A-1.
Section 1.14.
“Treasurer” means the Treasurer of the Board.
ARTICLE II
CREATION OF ESCROW
Section 2.01.
The District by the Bond Ordinance has authorized the issue and delivery of
the Bonds, proceeds of which, together with certain funds of the District on hand and legally
available for such purpose, are to be used to refund the Refunded Bonds by the deposit on
demand and to purchase on behalf of the District the Government Securities. Such deposit and
securities will provide all moneys necessary to pay the principal of and interest on the Refunded
Bonds when due and upon redemption prior to maturity.
Section 2.02.
The District deposits $_____________ from the proceeds of the Bonds,
$_____________ from the proceeds of the Refunded Bonds and $_____________ from funds on
hand and legally available for the purchase of the Government Securities described in Exhibit A
hereto and the funding of a beginning cash escrow deposit on demand in the amount of
$_____________.
The beginning deposit and the Government Securities are held in an
irrevocable trust fund account for the District to the benefit of the holders of the Refunded Bonds
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to pay the principal of and interest on the Refunded Bonds when due and upon redemption prior
to maturity.
Section 2.03.
The Escrow Agent and the District have each received the report of
____________________, Certified Public Accountants, ____________, _____________,
attached hereto as Exhibit B (the “Verification Report”), that the principal of and income and
profit to be received from the Government Securities, when paid at maturity, and the cash held in
accordance with Section 2.02 hereof, will be sufficient, at all times pending the final payment of
the Refunded Bonds, to pay all interest on and principal of the Refunded Bonds when due and
upon redemption prior to maturity as evidenced by said Report.
Section 2.04.
The Escrow Agent will purchase the Government Securities described in
Exhibit A hereto on December 1, 2015. If the Escrow Agent is unable to purchase Intended
Government Securities on December 1, 2015, because of a failed delivery of all or a portion of
the Intended Government Securities by the seller, as indicated on the trade ticket for the Intended
Government Securities (the “Seller”), then it will on December 1, 2015, purchase the Substitute
Government Securities for the same purchase price. If the Escrow Agent purchases Substitute
Government Securities on December 1, 2015, then at the request of the seller of those Substitute
Government Securities, the Escrow Agent will, but only prior to December 16, 2015, accept
delivery of the Intended Government Securities in exchange for the Substitute Government
Securities, but only if following such exchange, the Escrow Agent will hold all of the Intended
Government Securities, or will hold another portfolio for which a report of the Verification
Agent (or another accounting firm acceptable to the Escrow Agent), establishes that the principal
of and income and profit to be received from the Government Securities, when paid at maturity,
and the cash held in accordance with Section 2.02 hereof, will be sufficient, at all times pending
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the final payment of the Refunded Bonds, to pay all interest on and all principal of the Refunded
Bonds when due and upon redemption prior to maturity as evidenced by said Report.
ARTICLE III
COVENANTS OF ESCROW AGENT
The Escrow Agent covenants and agrees with the District as follows:
Section 3.01.
The Escrow Agent will hold the Government Securities and all interest
income or profit derived therefrom and all uninvested cash in an irrevocable segregated and
separate trust fund account for the sole and exclusive benefit of the holders of the Refunded
Bonds until final payment thereof.
Section 3.02.
The beginning cash escrow deposit shall not be invested by the Escrow
Agent. Otherwise, the Escrow Agent will reinvest all available uninvested balances (rounded to
an even $100) in the Escrow Account on deposit from time to time, whenever said balances
exceed $1,000 unless said balance is needed to pay the principal of or interest on Refunded
Bonds within 14 days, and acknowledges that the schedule of amounts available for reinvestment
appears in the cash flow tables in the Verification Report and in Exhibit C. Investments so made
shall be in direct obligations of or obligations guaranteed by the full faith and credit of the
United States of America and shall be scheduled to mature on or prior to the next succeeding
interest payment date on the Refunded Bonds on which such proceeds will be needed to pay the
principal of or interest on the Refunded Bonds. Such investments shall, to the extent possible, be
in zero-yield obligations issued directly by the Bureau of Fiscal Service of the United States
Treasury (currently designated “U. S. Treasury Securities—State and Local Government
Series Certificates of Indebtedness, Notes or Bonds”) (“SLGS”). Such investments shall be
made only to the extent permitted by, and shall be made in accordance with, the applicable
statutes, rules and regulations governing such investments issued by the Bureau of Fiscal
-E-
Service. The Escrow Agent expressly recognizes that under current regulations all SLGS must
be subscribed for not less than 5 days (7 days for amounts of $10,000,000 or more) nor more
than 60 days prior to date of issuance.
Exhibit C contains a list of scheduled reinvestments. The Escrow Agent is instructed to
subscribe for and take delivery of SLGS as described in Exhibit C.
If the Department of the Treasury (or the Bureau of Fiscal Service) of the United States
suspends the sale of SLGS causing the Escrow Agent to be unable to purchase SLGS, then the
Escrow Agent will take the following actions. On the date it would have purchased SLGS had it
been able to do so, the Escrow Agent will purchase direct obligations of the United States (the
“Alternate Investment”) maturing no more than 90 days after the date of purchase and no later
than the scheduled maturity date of such SLGS as shown on Exhibit C. The purchase price of
the Alternate Investment shall be as close as possible to the principal amount of the SLGS that
would have been purchased on such date if they had been available for purchase. The maturity
date of the Alternate Investment shall be the latest possible date that (i) is not more than 90 days
after the purchase date and (ii) is not after the scheduled maturity date for the SLGS that would
have been purchased if available as shown on Exhibit C. The Escrow Agent will purchase each
Alternate Investment in the customary manner for such investments (in the secondary market or
in a Treasury auction) at a price no higher than the fair market value of the Alternate Investment
and will maintain records demonstrating compliance with this requirement. On the maturity of
each Alternate Investment, the Escrow Agent shall pay the difference between the total of the
receipts (principal and interest) on the Alternate Investment and the purchase price of the
Alternate Investment to the District with a notice to the District that such amount must be paid to
the Internal Revenue Service pursuant to Rev. Proc. 95-47 or successor provisions including any
finalized version of Prop. Treas. Reg. Section 1.148-5(c). If the Alternate Investment matures
-F-
more than 14 days prior to the next succeeding interest payment date on the Refunded Bonds on
which such proceeds will be needed to pay principal of or interest on the Refunded Bonds, the
Escrow Agent shall treat such amounts as an uninvested balance available for reinvestment and
shall take all reasonable steps to invest such amounts in SLGS (or additional Alternate
Investments as provided in this Section).
The Escrow Agent shall hold balances not so invested in the Escrow Account on demand
and in trust for the purposes hereof and shall secure same in accordance with applicable Illinois
law for the securing of public funds.
Section 3.03.
The Escrow Agent will take no action in the investment or securing of the
proceeds of the Government Securities which would cause the Bonds to be classified as
“arbitrage bonds” under the Code, provided, it shall be under no duty to affirmatively inquire
whether the Government Securities as deposited are properly invested under the Code; and,
provided, further, it may rely on all specific directions in this Agreement in the investment or
reinvestment of balances held hereunder.
Section 3.04.
The Escrow Agent will promptly collect the principal, interest or profit
from the Government Securities and promptly apply the same as necessary to the payment of the
principal and interest on the Refunded Bonds when due and upon redemption prior to maturity as
herein provided.
Section 3.05.
The Escrow Agent will remit to the Paying Agent, in good funds on or
before each principal or interest payment or redemption date on the Refunded Bonds, moneys
sufficient to pay such principal, interest or redemption price as will meet the requirements for the
retirement of the Refunded Bonds, and such remittances shall fully release and discharge the
Escrow Agent from any further duty or obligation thereto under this Agreement.
-G-
Section 3.06.
The Escrow Agent will make no payment of fees, charges or expenses due
or to become due, of the Paying Agent or the bond registrar and paying agent on the Bonds, and
the District either paid such fees, charges and expenses in advance as set forth in Section 3.08
hereof or covenants to pay the same as they become due.
Section 3.07.
The charges, fees and expenses of the Escrow Agent (other than any
charges, fees and expenses incurred pursuant to Section 3.08 hereof) have been paid in advance,
and all charges, fees or expenses of the Escrow Agent in carrying out any of the duties, terms or
provisions of this Agreement shall be paid solely therefrom. The Escrow Agent is also providing
bond registrar and paying agent services for the Bonds, and the acceptance fee and first annual
fee of the Escrow Agent for such bond registrar and paying agent services have been paid in
advance, and all remaining charges, fees or expenses of the Escrow Agent for such services shall
be paid by the District upon receipt of invoices therefor.
Section 3.08.
The District has called the Refunded Bonds for redemption on
December 15, 2016. The Escrow Agent will cause the Paying Agent to provide for and give
timely notice of the call for redemption of the Refunded Bonds. The form and time of the giving
of such notice regarding the Refunded Bonds shall be as specified in the ordinance authorizing
the issuance of the Refunded Bonds. The District shall reimburse the Escrow Agent for any
actual out of pocket expenses incurred in the giving of such notice, but the failure of the District
to make such payment shall not in any respect whatsoever relieve the Escrow Agent from
carrying out any of the duties, terms or provisions of this Agreement.
The Escrow Agent shall also cause the Paying Agent to give notice of the call of the
Refunded Bonds, on or before the date the notice of such redemption is given to the holders of
the Refunded Bonds, to the Municipal Securities Rulemaking Board (the “MSRB”) through its
Electronic Municipal Market Access system for municipal securities disclosure or through any
-H-
other electronic format or system prescribed by the MSRB for purposes of Rule 15c2-12 adopted
by the Securities and Exchange Commission under the Securities Exchange Act of 1934, as
amended.
Information with respect to procedures for submitting notice can be found at
https://msrb.org.
Section 3.09.
The Escrow Agent has all the powers and duties herein set forth with no
liability in connection with any act or omission to act hereunder, except for its own negligence or
willful breach of trust, and shall be under no obligation to institute any suit or action or other
proceeding under this Agreement or to enter any appearance in any suit, action or proceeding in
which it may be defendant or to take any steps in the enforcement of its, or any, rights and
powers hereunder, nor shall be deemed to have failed to take any such action, unless and until it
shall have been indemnified by the District to its satisfaction against any and all costs and
expenses, outlays, counsel fees and other disbursements, including its own reasonable fees, and
if any judgment, decree or recovery be obtained by the Escrow Agent, payment of all sums due
it, as aforesaid, shall be a first charge against the amount of any such judgment, decree or
recovery.
Section 3.10.
The Escrow Agent may in good faith buy, sell or hold and deal in any of the
Bonds or the Refunded Bonds.
Section 3.11.
The Escrow Agent will submit to the Treasurer a statement within forty-five
(45) days after June 16 and December 16 of each calendar year, commencing December 16,
2015, itemizing all moneys received by it and all payments made by it under the provisions of
this Agreement during the preceding six (6) month period (or, for the first period, from the date
of delivery of the Bonds to December 16, 2015), and also listing the Government Securities on
deposit therewith on the date of said report, including all moneys held by it received as interest
on or profit from the collection of the Government Securities.
-I-
Section 3.12.
If at any time it shall appear to the Escrow Agent that the available proceeds
of the Government Securities and deposits on demand in the Escrow Account will not be
sufficient to make any payment due to the holders of any of the Refunded Bonds, the Escrow
Agent shall notify the Treasurer and the Board, not less than five (5) days prior to such date, and
the District agrees that it will from any funds legally available for such purpose make up the
anticipated deficit so that no default in the making of any such payment will occur.
ARTICLE IV
COVENANTS OF DISTRICT
The District covenants and agrees with the Escrow Agent as follows:
Section 4.01.
The Escrow Agent shall have no responsibility or liability whatsoever for
(a) any of the recitals of the District herein, (b) the performance of or compliance with any
covenant, condition, term or provision of the Bond Ordinance, and (c) any undertaking or
statement of the District hereunder or under the Bond Ordinance.
Section 4.02.
All payments to be made by, and all acts and duties required to be done by,
the Escrow Agent under the terms and provisions of this Agreement, shall be made and done by
the Escrow Agent without any further direction or authority of the District or the Treasurer.
Section 4.03.
The District will take no action regarding the proceeds of the Bonds which
would cause the Bonds to be classified as “arbitrage bonds” under the Code, and the District will
take any and all further action necessary to ensure that adequate provision is made for the
payment of the Refunded Bonds and that neither the Refunded Bonds nor the Bonds are
classified as “arbitrage bonds” under the Code.
-J-
ARTICLE V
AMENDMENTS, REINVESTMENT OF
FUNDS, IRREVOCABILITY OF AGREEMENT
Section 5.01.
Except as provided in Section 5.04 hereof, all of the rights, powers, duties
and obligations of the Escrow Agent hereunder shall be irrevocable and shall not be subject to
amendment by the Escrow Agent and shall be binding on any successor to the Escrow Agent
during the term of this Agreement.
Section 5.02.
and obligations of the District hereunder shall be irrevocable and shall not be subject to
amendment by the District and shall be binding on any successor to the officials now comprising
the Board during the term of this Agreement.
Section 5.03.
and obligations of the Treasurer hereunder shall be irrevocable and shall not be subject to
amendment by the Treasurer and shall be binding on any successor to said official now in office
during the term of this Agreement.
Section 5.04.
This Agreement may be amended or supplemented, and the Government
Securities, any Substitute Government Securities or any portion thereof may be sold, redeemed,
invested or reinvested, in any manner provided (any such amendment, supplement, or direction
to sell, redeem, invest or reinvest to be referred to as a “Subsequent Action”), upon submission
to the Escrow Agent of each of the following:
(1)
Certified copy of proceedings of the Board authorizing the Subsequent
Action and copy of the document effecting the Subsequent Action signed by duly
designated officers of the District.
(2)
An opinion of nationally recognized bond counsel or tax counsel nationally
recognized as having an expertise in the area of tax-exempt municipal bonds that the
-K-
Subsequent Action has been duly authorized by the Board and will not adversely affect
the tax-exempt status of the interest on the Bonds or the Refunded Bonds nor violate the
covenants of the District not to cause the Bonds or the Refunded Bonds to become
“arbitrage bonds” under the Code, and that the Subsequent Action does not materially
adversely affect the legal rights of the holders of the Bonds and the Refunded Bonds.
(3)
An opinion of a firm of nationally recognized independent certified public
accountants or consultants nationally recognized as having an expertise in the area of
refunding escrows that the amounts (which will consist of cash or deposits on demand
held in trust or receipts from non-callable direct obligations of or non-callable obligations
guaranteed by the full faith and credit of the United States of America, all of which shall
be held hereunder) available or to be available for payment of the Refunded Bonds will
remain sufficient to pay when due all principal of and interest on the Refunded Bonds
after the taking of the Subsequent Action.
ARTICLE VI
MERGER, CONSOLIDATION OR RESIGNATION OF ESCROW AGENT
Any banking association or corporation into which the Escrow Agent may be merged,
converted or with which the Escrow Agent may be consolidated, or any corporation resulting
from any merger, conversion or consolidation to which the Escrow Agent shall be a party, or any
banking association or corporation to which all or substantially all of the corporate trust business
of the Escrow Agent shall be transferred, shall succeed to all the Escrow Agent’s rights,
obligations and immunities hereunder without the execution or filing of any paper or any further
act on the part of any of the parties hereto, anything herein to the contrary notwithstanding. The
Escrow Agent may at any time resign as Escrow Agent under this Agreement by giving 30 days’
written notice to the District, and such resignation shall take effect upon the appointment of a
-L-
successor Escrow Agent by the District. The District may select as successor Escrow Agent any
financial institution with capital, surplus and undivided profits of at least $75,000,000 and having
a corporate trust office within the State of Illinois, and which is authorized to maintain trust
accounts for municipal corporations in Illinois under applicable law.
ARTICLE VII
NOTICES TO THE DISTRICT,
THE TREASURER AND THE ESCROW AGENT
Section 7.01.
All notices and communications to the District and the Board shall be
addressed in writing to: Board of Trustees, Fox Valley Park District, 101 West Illinois Avenue,
Aurora, Illinois 60506.
Section 7.02.
All notices and communications to the Treasurer shall be addressed in
writing to: Treasurer, Board of Trustees, Fox Valley Park District, 101 West Illinois Avenue,
Aurora, Illinois 60506.
Section 7.03.
All notices and communications to the Escrow Agent shall be addressed in
writing to: Corporate Trust Department, Amalgamated Bank of Chicago, 30 North LaSalle
Street, 38th Floor, Chicago, Illinois 60602.
ARTICLE VIII
TERMINATION OF AGREEMENT
Upon final disbursement of funds sufficient to pay the principal of and interest on the
Refunded Bonds as hereinabove provided for, the Escrow Agent will transfer any balance
remaining in the Escrow Account to the Treasurer with due notice thereof mailed to the Board,
and thereupon this Agreement shall terminate.
-M-
IN WITNESS WHEREOF, the Fox Valley Park District, Kane, DuPage, Kendall and Will
Counties, Illinois, has caused this Agreement to be signed in its name by the President of the
Board and to be attested by the Secretary of the Board; and Amalgamated Bank of Chicago,
Chicago, Illinois, not individually, but in the capacity as hereinabove described, has caused this
Agreement to be signed in its corporate name by one of its officers and attested by one of its
officers under its corporate seal hereunto affixed, all as of the 1st day of December, 2015.
FOX VALLEY PARK DISTRICT, KANE, DUPAGE,
KENDALL AND WILL COUNTIES, ILLINOIS
By
SPECIMEN
Attest:
SPECIMEN
AMALGAMATED BANK OF CHICAGO
Chicago, Illinois
By
SPECIMEN
Its __________________________________
Attest:
By
SPECIMEN_______________
Its_______________________________
[BANK SEAL]
This Escrow Agreement received and acknowledged by me this 1st day of December,
2015.
SPECIMEN
-N-
EXHIBIT A
[INTENDED] GOVERNMENT SECURITIES
EXHIBIT A-1
SUBSTITUTE GOVERNMENT SECURITIES
EXHIBIT B
VERIFICATION REPORT
EXHIBIT C
SCHEDULED REINVESTMENTS
SUBSCRIBE
BY
PURCHASE
DATE
MATURITY
DATE
PAR
AMOUNT
TYPE
RATE
SLGS-Cert
0%
If any date shown above is not a business day, the subscribe by date or purchase date should be
adjusted to the next possible business day.
The Escrow Agent may submit a subscription for a scheduled SLGS purchase before the date
shown, so long as it is not submitted more than 60 days prior to the purchase date. If
subscriptions are not accepted on the date shown, the Escrow Agent should keep trying to submit
such a subscription until five days before the scheduled purchase date. If the Escrow Agent is
unable to purchase or subscribe for SLGS as shown above, the Escrow Agent should purchase an
Alternate Investment as described in Section 3.02.
In completing this form, the subscription date should be approximately one month before the
purchase date. The purchase date should be the date cash becomes available.
Section 6.
Purchase of the Government Securities. Speer Financial, Inc., Chicago,
Illinois, the Escrow Agent, and any bidding agent or other professional to be selected by the
District be and the same are each hereby authorized to act as agent for the District in the
purchase of the Government Securities described and set forth in the Agreement.
Section 7.
Severability.
Section 8.
Repeal. All ordinances or parts thereof in conflict herewith be and the same
are hereby repealed, and this Ordinance shall be in full force and effect forthwith upon its
adoption.
_______________________________________
Attest:
___________________________________
-4-
11.4
DATE:
November 9, 2015
TO:
FROM:
Michael Erickson, Director of Parks and Facility Maintenance
RE:
Eola Railing Replacement
RECOMMENDATION: Approve the Eola Community Center interior stair railing
replacement bid from ATP Enterprise Group, Inc., Northfield, Illinois, in the amount of
$24,000.00.
BACKGROUND: Each year during the budgeting process, staff develops a list of projects for
each of its facilities. During the review for the 2015/2016 budget, the interior stair railing from
the Eola Community Center first floor lobby area to the second floor exercise area was identified
as a project for replacement. The existing railing is constructed of painted steel. Because of the
high volume of patrons utilizing this stair, the railing is subject to a large amount of wear. The
paint on the railing is in need of continual painting due to the extensive amount of chipping that
occurs from keys, rings and other objects coming into contact with the railing. Due to the
appearance of the railing and the large amount of labor needed to keep an acceptable appearance,
staff is recommending the replacement of the railing with a more maintenance free option.
In order to investigate different options as well as develop a cost estimate and plans for the
agreed upon solution, staff contracted with Kluber Architects and Engineers in Batavia, Illinois,
to work with us on such a solution. Kluber developed and presented to staff a stainless steel
railing with glass panel inserts as the best option. Staff in return asked Kluber to investigate a
stainless steel only railing which was similar to the existing painted steel railing. Kluber
developed a cost estimate for both railing systems and concluded that the stainless steel and glass
railing would cost approximately $42,000 and the stainless steel only option would cost
approximately $48,000. The stainless steel and glass option was the consensus choice of Eola
and Park Operations staff.
The 2015/2016 budget allocated $19,000 for the replacement of the railing. This was an estimate
developed by staff during the budgeting process prior to the determination of a specific design
option and associated cost estimate. Although the estimate developed by Kluber exceeds the
budgeted amount, the District has realized enough cost savings during this fiscal year to provide
for the additional funding needed for this project.
This work was advertised for competitive bid with eight contractors receiving Project Manuals.
Bids were received on October 29, 2015 from one contractor which was ATP Enterprise Group,
Inc., Northfield, Illinois. Staff was able to contact three of the contractors which obtained the
Project Manual. One contractor stated that he forgot about the bid date and the other three others
said that they did not have the time to prepare the bid due to staffing issues. All contractors did
indicate that they could have completed the work if they did get the work.
The attached Bid Tabulation form presents the results of the bid opening. ATP Enterprises has
not done work for the Park District in the past. References for this contractor were checked for
three other Park District projects. All persons contacted indicated that the work performed was
good and that the administration portion of the project was difficult. The scope of work for the
other projects were substantially larger in scale and all persons contacted indicated that given
good project management by the Park District, the project should run well. Staff is confident that
we can allocate enough resources to this project to ensure that it is completed adequately.
REASON FOR BOARD REQUIRED ACTION: The District’s purchasing policy requires
Board of Trustee approval of contracts in excess of $20,000.
REVIEW BY OTHERS:
Maintenance
Acting Executive Director and Superintendent of Facility
FINANCIAL IMPACT:
$19,000 was budgeted for railing replacement at the Eola
Community Center in the 2015/2016 fiscal year in the Facility Improvement/Replacement fund.
PRESENTER: Michael Erickson, Director of Parks and Facility Maintenance
2
Department of Parks and Facility Maintenance
BID TABULATION FORM
PROJECT:
DATE:
Eola Railing Replacement
October 29, 2015
BIDDERS NAME
Addendum 1
ATP Enterprise Group, Inc.
Northfield, Illinois
101 West Illinois Avenue • Aurora, Illinois 60506 • 630-897-0516 •
Yes
FAX
630-897-6896
Bid Bond
Yes
BASE BID
$24,000.00
12.0
CORRESPONDENCE & ANNOUNCEMENTS
November 2015
1. Marilyn Weisner, Executive Director, Aurora Area Interfaith Food Pantry
Thank you for your participation in “Hunger Action Month.”
2. Michael W. Cobb, Executive Director, Hesed House
Thank you for your Gift-In-Kind Sponsorship.
3. Bill Thompson
Thank you for remembering our veterans.
4. Quad County Urban League
Thank you for supporting our 2015 Annual Equality Gala.
5. Fox Valley Park District in the News
Various recent news article(s) concerning the District.
Total Audience : 800,358
Nov Board Clips
Online News - 15
Publications (text) - 4
Online News
Audience: 800,358
November Board Clips - 15
November Board Clips
OCT
Girls cross country: Naperville North dominates field at West Aurora sectional
31
dailyherald.com - Naperville North coach Dan Iverson gave his team a pep talk as they prepared for the Class 3A West
Aurora sectional Saturday in a rainstorm at Stuart Sports Complex in Aurora. "I don't know if they needed it," Iverson
said. "I think if you talk to them they would probably say they had a good time
06:13 PM CST
16,922
OCT
Boys cross country: Neuqua Valley runs away with West Aurora title
31
dailyherald.com - Huntley senior Keagan Smith displayed remarkable resiliency to win the Class 3A West Aurora sectional
Saturday, falling not once but twice and getting up both times to overtake two Neuqua Valley runners in the final 200
meters. Smith, who finished ninth in the Class 3A state meet last year, got out
06:10 PM CST
16,922
OCT
Class 3A Cross Country: Oswego girls state-bound
31
kendallcountynow.com - Panthers tie with Metea Valley to qualify for first time since 1987 By KRISTIN SHARP [email protected] — Published: Saturday, Oct. 31, 2015 3:26 p.m. CDT Updated: Saturday, Oct. 31, 2015 3:30
p.m. CDT MONTGOMERY - The Oswego girls' cross country team huddled inside the team tent
05:18 PM CST
0
OCT
Friendly Aurora leading other cities on social media
30
chicagotribune.com - As we all know, officials like to tout Aurora as Second to None. And though there's plenty of
criticism floating around – who can forget the stink over the new garbage collection program? – there's one area where
the city has attracted "friends" in record number. When Clayton Muhammad joined the mayor's
06:17 PM CST
226,933
OCT
Fox Valley Park District to honor veterans at luncheon
30
dailyherald.com - In honor of all community members who have served in the Armed Forces, the Fox Valley Park District
will host a Veterans Day Luncheon from noon to 2:30 p.m. Tuesday, Nov. 10, at the Prisco Community Center, 150 W.
Illinois Ave., Aurora. The luncheon is free to veterans and will be catered by Upper
01:00 PM CST
16,922
OCT
Fox Valley Park District to honor veterans at luncheon
30
dailyherald.com - In honor of all community members who have served in the Armed Forces, the Fox Valley Park District
will host a Veterans Day Luncheon from noon to 2:30 p.m. Tuesday, Nov. 10, at the Prisco Community Center, 150 W.
Illinois Ave., Aurora. The luncheon is free to veterans and will be catered by Upper
01:00 PM CST
16,922
OCT
No fear! Family-friendly ideas for Halloween weekend
30
dailyherald.com - Want to do more Halloween weekend than just sift through your candy? Below you will find a list of
ideas designed with families in mind. The fear factor, in other words, is dialed down or limited to an attraction or two. If
you'd rather be scared silly, check out our listing of haunted houses here
10:48 AM CST
16,922
OCT
Bags full of photos are your treat in The Week in Pictures
26
dailyherald.com - Antique dolls, including one with a swivel head having two faces (happy and mad), are displayed by
Scott Tagliapietra, of Milwaukee in his booth at the 41st annual Fall Fox Valley Antiques Show at the Kane County
Fairgrounds in St. Charles. Laura Stoecker | Staff Photographer
02:58 PM CST
16,922
OCT
You can have fun while you get your exercise
23
chicagotribune.com - Usually I'd write about the importance of exercise and proper nutrition in June, during Men's
Health Month. However, my several month-long participation in Zumba warrants an additional fitness-related column.
For those that don't know, Zumba is an innovative exercise program that has proven critics
11:56 AM CST
226,933
OCT
Pilmer reflects on being new Fox Valley Park District director
22
chicagotribune.com - Jim Pilmer chuckled a little when asked how he was selected to become the new Fox Valley Park
District director. "I went for this position one other time, and I was, well, I turned out to be a bridesmaid," he said this
week. "When the opportunity opened, and with Mayor Tom Weisner making his announcement
05:07 PM CST
226,933
OCT
Tennis courts dedicated to long-time East Aurora coach
22
beaconnews.suntimes.com - The most touching moment at the dedication of the renovated Phillips Park courts Tuesday
afternoon was the embrace shared by Jim Skelley and wife Sue after he proudly introduced her as the namesake of
"these beautiful new tennis courts." The best line of the ceremony came from Aurora Mayor Tom Weisner,
11:38 AM CST
26
OCT
Fox Valley Park District names executive director
21
kcchronicle.com - The Fox Valley Park District’s board of trustees this week announced the selection of Jim Pilmer as the
district’s latest executive director, according to a news release. Pilmer becomes the sixth executive director in the park
district’s 68-year history, the release stated. He takes over for Nancy
10:43 PM CST
1,027
OCT
Fox Valley Park District has new director
21
dailyherald.com - The Fox Valley Park District's new executive director is Jim Pilmer, the director of neighborhood
standards for the city of Aurora. Pilmer will take over Nov. 9 for Nancy McCaul, who announced in June she was retiring.
Pilmer, who lives in Aurora, has been a Waubonsee Community College trustee
04:56 PM CST
16,922
OCT
Pilmer named new leader of Fox Valley Park District
20
beaconnews.suntimes.com - Aurora Director of Neighborhood Standards Jim Pilmer has been named the new executive
director of the Fox Valley Park District. Pilmer becomes the sixth executive director in the Park District's 68-year history.
He takes over for Nancy McCaul, who recently retired after 30 years in the parks and recreation
06:40 PM CST
26
OCT
Phillips Park tennis courts set to reopen
16
beaconnews.suntimes.com - After months of work, the tennis courts near Phillips Park are set to reopen Tuesday
afternoon. The 12 courts, which are jointly owned by the city of Aurora and East Aurora School District 131, were closed in
July for repaving and other work. When they are reopened Tuesday, they will be named for
04:22 PM CST
26
Publications (text)
Audience: 0
November Board Clips - 4
November Board Clips
OCT
Halloween happenings in DuPage County Ongoing Thursday 29 Friday 30 Saturday 31
28
Daily Herald - Does your organization have an upcoming event? Tell us -- and our web readers -- all about it at
dailyherald.com/calendar. Morton Arboretum's Fall Color Festival is celebrated 7 a.m. to sunset daily in October at 4100
Route 53, Lisle. On select days, seasonally themed activities for kids and families.
OCT
28
OCT
28
OCT
28

FOX VALLEY PARK DISTRICT BOARD OF TRUSTEES Serving the

Transcription

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